Formosa North Apts — Income-Restricted Housing in Elm City, NC 27822
302-308 Anderson Street, Elm City, NC 27822
16 units · 2 BR
How to apply
- Managed by Formosa Management. USDA does not publish a phone number for this property.
- Find contact info on USDA's Multifamily Housing programs page.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2008
- Bedrooms
- 16 2 bedrooms
- USDA rental assistance
- 16 units (tenant pays about 30% of income)
- Managed by
- Formosa Management
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Nearby income-restricted buildings
The Elms Apartments
237 Elms Drive, Elm City, NC 27822
0.4 mi away
33 units · 1–3 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Pine Ridge: Lot 1
504 N Parker St, Elm City, NC 27822
0.5 mi away
1 unit · 3 BR
- Affordability period may have ended — call to confirm
Quarterpath Village
4930 Four Tenths Rd, Elm City, NC 27822
0.8 mi away
1 unit · 3 BR
- Affordability period may have ended — call to confirm
Quarterpath Village
4930 Four Tents Road, Wilson, NC 27822
0.8 mi away
1 unit · 3 BR
- Affordability period may have ended — call to confirm
Pine Ridge Lot 1
504 Parker Street, Elm City, NC 27822
1.9 mi away
1 unit · 3 BR
- Affordability period may have ended — call to confirm
Arc/Hds Wilson County Group Home #4
3108 Tilghman Rd N, Wilson, NC 27896
3.7 mi away
7 units · 6 income-restricted · Studio · People with disabilities
Fox Ridge Apartments
220 Barnhill Ave, Sharpsburg, NC 27878
4.6 mi away
32 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Rents and income limits in 27822
- Fair market rent, 2 bedrooms
- $1,030/mo
- Income needed to pay it at 30% of income
- $41,200/yr
- Renters in 27822 paying 30% or more of income on rent
- 38%
Income limits (2026)
Wilson County, NC area · median family income $84,000. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $17,650 | $29,400 | $47,050 |
| 2 | $21,640 | $33,600 | $53,800 |
| 3 | $27,320 | $37,800 | $60,500 |
| 4 | $33,000 | $42,000 | $67,200 |
| 5 | $38,680 | $45,400 | $72,600 |
| 6 | $44,360 | $48,750 | $78,000 |
| 7 | $50,040 | $52,100 | $83,350 |
| 8 | $55,450 | $55,450 | $88,750 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 27822 | Wider area |
|---|---|---|
| Studio | $830 | $843 |
| 1 bedroom | $830 | $849 |
| 2 bedrooms | $1,030 | $1,069 |
| 3 bedrooms | $1,400 | $1,356 |
| 4 bedrooms | $1,640 | $1,658 |
Wider area = Wilson County, NC. Two-bedroom fair market rents in 5 nearby ZIPs range from $1,100 (27893) to $1,210 (27896).
Census figures for 27822 (2020–2024 average): median rent $862. Median household income $63,703. 16% of homes are rented. 38% of renters pay 30% or more of their income on rent, and 23% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 27822's fair market rent.
Estimate your Section 8 rent share for 27822Frequently Asked Questions
How do I apply to Formosa North Apts?
No phone is listed for Formosa North Apts. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Formosa North Apts Section 8 housing?
Formosa North Apts is listed as income-restricted housing in Elm City, NC 27822 (usda). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Formosa North Apts?
Public records list 16 units at Formosa North Apts in Elm City, NC 27822. That is a building size, not a count of open apartments.
Are there other affordable apartments near Formosa North Apts?
Yes — this page lists other income-restricted buildings in 27822 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Formosa North Apts?
Call the number on this page and ask about the waiting list or how to apply at Formosa North Apts in Elm City, NC 27822. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Elm City, NC 27822?
Most income-restricted buildings in Elm City, NC 27822 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $29,400, and $42,000 for a 4-person household. Public housing can go up to 80% ($47,050 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Elm City, NC 27822?
For many programs in Elm City, NC 27822, the 2026 HUD very low-income (50%) limit is $29,400 a year for 1 person and $42,000 for 4 people. The low-income (80%) limit is $47,050 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Elm City, NC 27822?
In public housing and most Section 8 in Elm City, NC 27822, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Elm City, NC 27822 is $1,030 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Formosa North Apts take Section 8 vouchers?
This file does not say that Formosa North Apts has a project-based Section 8 contract. Some landlords in Elm City, NC 27822 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Formosa North Apts.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.