 Use this "RULE OF THUMB" chart to quickly estimate the
income needed for your rental property.
Example: A person renting a unit for $150.00 "or paying a portion of the subsidy" each month would need income of $600 a month or $7200.00 annually. Example: A person that has income closer to $495.00 or $5940.00 annually should only be considered for a low income property. Income Property -
Rental Units that meet the North Carolina building code. |
||||
| Monthly Rent Or Share of Subsidy | Monthly Income for Income Property |
Monthly Income
for Low Income Property |
Annual Income | Low Annual Income |
|---|---|---|---|---|
| $ 150.00 | $ 600.00 | $ 495.00 | $ 7,200.00 | $ 5,940.00 |
| $ 160.00 | $ 640.00 | $ 528.00 | $ 7,680.00 | $ 6,336.00 |
| $ 170.00 | $ 680.00 | $ 561.00 | $ 8,160.00 | $ 6,732.00 |
| $ 180.00 | $ 720.00 | $ 594.00 | $ 8,640.00 | $ 7,128.00 |
| $ 190.00 | $ 760.00 | $ 627.00 | $ 9,120.00 | $ 7,524.00 |
| $ 200.00 | $ 800.00 | $ 660.00 | $ 9,600.00 | $ 7,920.00 |
| $ 210.00 | $ 840.00 | $ 693.00 | $ 10,080.00 | $ 8,316.00 |
| $ 220.00 | $ 880.00 | $ 726.00 | $ 10,560.00 | $ 8,712.00 |
| $ 230.00 | $ 920.00 | $ 759.00 | $ 11,040.00 | $ 9,108.00 |
| $ 240.00 | $ 960.00 | $ 792.00 | $ 11,520.00 | $ 9,504.00 |
| $ 250.00 | $ 1,000.00 | $ 825.00 | $ 12,000.00 | $ 9,900.00 |
| $ 260.00 | $ 1,040.00 | $ 858.00 | $ 12,480.00 | $10,296.00 |
| $ 270.00 | $ 1,080.00 | $ 891.00 | $ 12,960.00 | $10,692.00 |
| $ 280.00 | $ 1,120.00 | $ 924.00 | $ 13,440.00 | $11,088.00 |
| $ 290.00 | $ 1,160.00 | $ 957.00 | $ 13,920.00 | $11,484.00 |
| $ 300.00 | $ 1,200.00 | $ 990.00 | $ 14,400.00 | $11,880.00 |
| $ 310.00 | $ 1,240.00 | $ 1,023.00 | $ 14,880.00 | $12,276.00 |
| $ 320.00 | $ 1,280.00 | $ 1,056.00 | $ 15,360.00 | $12,672.00 |
| $ 330.00 | $ 1,320.00 | $ 1,089.00 | $ 15,840.00 | $13,068.00 |
| $ 340.00 | $ 1,360.00 | $ 1,122.00 | $ 16,320.00 | $13,464.00 |
| $ 350.00 | $ 1,400.00 | $ 1,155.00 | $ 16,800.00 | $13,860.00 |
| $ 360.00 | $ 1,440.00 | $ 1,188.00 | $ 17,280.00 | $14,256.00 |
| $ 370.00 | $ 1,480.00 | $ 1,221.00 | $ 17,760.00 | $14,652.00 |
| $ 380.00 | $ 1,520.00 | $ 1,254.00 | $ 18,240.00 | $15,048.00 |
| $ 390.00 | $ 1,560.00 | $ 1,287.00 | $ 18,720.00 | $15,444.00 |
| $ 400.00 | $ 1,600.00 | $ 1,320.00 | $ 19,200.00 | $15,840.00 |
| $ 410.00 | $ 1,640.00 | $ 1,353.00 | $ 19,680.00 | $16,236.00 |
| $ 420.00 | $ 1,680.00 | $ 1,386.00 | $ 20,160.00 | $16,632.00 |
| $ 430.00 | $ 1,720.00 | $ 1,419.00 | $ 20,640.00 | $17,028.00 |
| $ 440.00 | $ 1,760.00 | $ 1,452.00 | $ 21,120.00 | $17,424.00 |
| $ 450.00 | $ 1,800.00 | $ 1,485.00 | $ 21,600.00 | $17,820.00 |
| $ 460.00 | $ 1,840.00 | $ 1,518.00 | $ 22,080.00 | $18,216.00 |
| $ 470.00 | $ 1,880.00 | $ 1,551.00 | $ 22,560.00 | $18,612.00 |
| $ 480.00 | $ 1,920.00 | $ 1,584.00 | $ 23,040.00 | $19,008.00 |
| $ 490.00 | $ 1,960.00 | $ 1,617.00 | $ 23,520.00 | $19,404.00 |
| $ 500.00 | $ 2,000.00 | $ 1,650.00 | $ 24,000.00 | $19,800.00 |
| $ 510.00 | $ 2,040.00 | $ 1,683.00 | $ 24,480.00 | $20,196.00 |
| $ 520.00 | $ 2,080.00 | $ 1,716.00 | $ 24,960.00 | $20,592.00 |
| $ 530.00 | $ 2,120.00 | $ 1,749.00 | $ 25,440.00 | $20,988.00 |
| $ 540.00 | $ 2,160.00 | $ 1,782.00 | $ 25,920.00 | $21,384.00 |
| $ 550.00 | $ 2,200.00 | $ 1,815.00 | $ 26,400.00 | $21,780.00 |
| $ 560.00 | $ 2,240.00 | $ 1,848.00 | $ 26,880.00 | $22,176.00 |
| $ 570.00 | $ 2,280.00 | $ 1,881.00 | $ 27,360.00 | $22,572.00 |
| $ 580.00 | $ 2,320.00 | $ 1,914.00 | $ 27,840.00 | $22,968.00 |
| $ 590.00 | $ 2,360.00 | $ 1,947.00 | $ 28,320.00 | $23,364.00 |
| $ 600.00 | $ 2,400.00 | $ 1,980.00 | $ 28,800.00 | $23,760.00 |
| $ 610.00 | $ 2,440.00 | $ 2,013.00 | $ 29,280.00 | $24,156.00 |
| $ 620.00 | $ 2,480.00 | $ 2,046.00 | $ 29,760.00 | $24,552.00 |
| $ 630.00 | $ 2,520.00 | $ 2,079.00 | $ 30,240.00 | $24,948.00 |
| $ 640.00 | $ 2,560.00 | $ 2,112.00 | $ 30,720.00 | $25,344.00 |
| $ 650.00 | $ 2,600.00 | $ 2,145.00 | $ 31,200.00 | $25,740.00 |
| $ 660.00 | $ 2,640.00 | $ 2,178.00 | $ 31,680.00 | $26,136.00 |
| $ 670.00 | $ 2,680.00 | $ 2,211.00 | $ 32,160.00 | $26,532.00 |
| $ 680.00 | $ 2,720.00 | $ 2,244.00 | $ 32,640.00 | $26,928.00 |
| $ 690.00 | $ 2,760.00 | $ 2,277.00 | $ 33,120.00 | $27,324.00 |
| $ 700.00 | $ 2,800.00 | $ 2,310.00 | $ 33,600.00 | $27,720.00 |
| $ 710.00 | $ 2,840.00 | $ 2,343.00 | $ 34,080.00 | $28,116.00 |
| $ 720.00 | $ 2,880.00 | $ 2,376.00 | $ 34,560.00 | $28,512.00 |
| $ 730.00 | $ 2,920.00 | $ 2,409.00 | $ 35,040.00 | $28,908.00 |
| $ 740.00 | $ 2,960.00 | $ 2,442.00 | $ 35,520.00 | $29,304.00 |
| $ 750.00 | $ 3,000.00 | $ 2,475.00 | $ 36,000.00 | $29,700.00 |
| $ 760.00 | $ 3,040.00 | $ 2,508.00 | $ 36,480.00 | $30,096.00 |
| $ 770.00 | $ 3,080.00 | $ 2,541.00 | $ 36,960.00 | $30,492.00 |
| $ 780.00 | $ 3,120.00 | $ 2,574.00 | $ 37,440.00 | $30,888.00 |
| $ 790.00 | $ 3,160.00 | $ 2,607.00 | $ 37,920.00 | $31,284.00 |
| $ 800.00 | $ 3,200.00 | $ 2,640.00 | $ 38,400.00 | $31,680.00 |
| $ 810.00 | $ 3,240.00 | $ 2,673.00 | $ 38,880.00 | $32,076.00 |
| $ 820.00 | $ 3,280.00 | $ 2,706.00 | $ 39,360.00 | $32,472.00 |
| $ 830.00 | $ 3,320.00 | $ 2,739.00 | $ 39,840.00 | $32,868.00 |
| $ 840.00 | $ 3,360.00 | $ 2,772.00 | $ 40,320.00 | $33,264.00 |
| $ 850.00 | $ 3,400.00 | $ 2,805.00 | $ 40,800.00 | $33,660.00 |
| $ 860.00 | $ 3,440.00 | $ 2,838.00 | $ 41,280.00 | $34,056.00 |
| $ 870.00 | $ 3,480.00 | $ 2,871.00 | $ 41,760.00 | $34,452.00 |
| $ 880.00 | $ 3,520.00 | $ 2,904.00 | $ 42,240.00 | $34,848.00 |
| $ 890.00 | $ 3,560.00 | $ 2,937.00 | $ 42,720.00 | $35,244.00 |
| $ 900.00 | $ 3,600.00 | $ 2,970.00 | $ 43,200.00 | $35,640.00 |
| $ 910.00 | $ 3,640.00 | $ 3,003.00 | $ 43,680.00 | $36,036.00 |
| $ 920.00 | $ 3,680.00 | $ 3,036.00 | $ 44,160.00 | $36,432.00 |
| $ 930.00 | $ 3,720.00 | $ 3,069.00 | $ 44,640.00 | $36,828.00 |
| $ 940.00 | $ 3,760.00 | $ 3,102.00 | $ 45,120.00 | $37,224.00 |
| $ 950.00 | $ 3,800.00 | $ 3,135.00 | $ 45,600.00 | $37,620.00 |
| $ 960.00 | $ 3,840.00 | $ 3,168.00 | $ 46,080.00 | $38,016.00 |
| $ 970.00 | $ 3,880.00 | $ 3,201.00 | $ 46,560.00 | $38,412.00 |
| $ 980.00 | $ 3,920.00 | $ 3,234.00 | $ 47,040.00 | $38,808.00 |
| $ 990.00 | $ 3,960.00 | $ 3,267.00 | $ 47,520.00 | $39,204.00 |
| $ 1,000.00 | $ 4,000.00 | $ 3,300.00 | $ 48,000.00 | $39,600.00 |
| $ 1,010.00 | $ 4,040.00 | $ 3,333.00 | $ 48,480.00 | $39,996.00 |
| $ 1,020.00 | $ 4,080.00 | $ 3,366.00 | $ 48,960.00 | $40,392.00 |
| $ 1,030.00 | $ 4,120.00 | $ 3,399.00 | $ 49,440.00 | $40,788.00 |
| $ 1,040.00 | $ 4,160.00 | $ 3,432.00 | $ 49,920.00 | $41,184.00 |
| $ 1,050.00 | $ 4,200.00 | $ 3,465.00 | $ 50,400.00 | $41,580.00 |
| $ 1,060.00 | $ 4,240.00 | $ 3,498.00 | $ 50,880.00 | $41,976.00 |
| $ 1,070.00 | $ 4,280.00 | $ 3,531.00 | $ 51,360.00 | $42,372.00 |
| $ 1,080.00 | $ 4,320.00 | $ 3,564.00 | $ 51,840.00 | $42,768.00 |
| $ 1,090.00 | $ 4,360.00 | $ 3,597.00 | $ 52,320.00 | $43,164.00 |
| $ 1,100.00 | $ 4,400.00 | $ 3,630.00 | $ 52,800.00 | $43,560.00 |
| $ 1,110.00 | $ 4,440.00 | $ 3,663.00 | $ 53,280.00 | $43,956.00 |
| $ 1,120.00 | $ 4,480.00 | $ 3,696.00 | $ 53,760.00 | $44,352.00 |
| $ 1,130.00 | $ 4,520.00 | $ 3,729.00 | $ 54,240.00 | $44,748.00 |
| $ 1,140.00 | $ 4,560.00 | $ 3,762.00 | $ 54,720.00 | $45,144.00 |
| $ 1,150.00 | $ 4,600.00 | $ 3,795.00 | $ 55,200.00 | $45,540.00 |
| $ 1,160.00 | $ 4,640.00 | $ 3,828.00 | $ 55,680.00 | $45,936.00 |
| $ 1,170.00 | $ 4,680.00 | $ 3,861.00 | $ 56,160.00 | $46,332.00 |
| $ 1,180.00 | $ 4,720.00 | $ 3,894.00 | $ 56,640.00 | $46,728.00 |
| $ 1,190.00 | $ 4,760.00 | $ 3,927.00 | $ 57,120.00 | $47,124.00 |
| $ 1,200.00 | $ 4,800.00 | $ 3,960.00 | $ 57,600.00 | $47,520.00 |
| $ 1,210.00 | $ 4,840.00 | $ 3,993.00 | $ 58,080.00 | $47,916.00 |
| $ 1,220.00 | $ 4,880.00 | $ 4,026.00 | $ 58,560.00 | $48,312.00 |
| $ 1,230.00 | $ 4,920.00 | $ 4,059.00 | $ 59,040.00 | $48,708.00 |
| $ 1,240.00 | $ 4,960.00 | $ 4,092.00 | $ 59,520.00 | $49,104.00 |
| $ 1,250.00 | $ 5,000.00 | $ 4,125.00 | $ 60,000.00 | $49,500.00 |
| $ 1,260.00 | $ 5,040.00 | $ 4,158.00 | $ 60,480.00 | $49,896.00 |
| $ 1,270.00 | $ 5,080.00 | $ 4,191.00 | $ 60,960.00 | $50,292.00 |
| $ 1,280.00 | $ 5,120.00 | $ 4,224.00 | $ 61,440.00 | $50,688.00 |
| $ 1,290.00 | $ 5,160.00 | $ 4,257.00 | $ 61,920.00 | $51,084.00 |
| $ 1,300.00 | $ 5,200.00 | $ 4,290.00 | $ 62,400.00 | $51,480.00 |
| $ 1,310.00 | $ 5,240.00 | $ 4,323.00 | $ 62,880.00 | $51,876.00 |
| $ 1,320.00 | $ 5,280.00 | $ 4,356.00 | $ 63,360.00 | $52,272.00 |
| $ 1,330.00 | $ 5,320.00 | $ 4,389.00 | $ 63,840.00 | $52,668.00 |
| $ 1,340.00 | $ 5,360.00 | $ 4,422.00 | $ 64,320.00 | $53,064.00 |
| $ 1,350.00 | $ 5,400.00 | $ 4,455.00 | $ 64,800.00 | $53,460.00 |
| $ 1,360.00 | $ 5,440.00 | $ 4,488.00 | $ 65,280.00 | $53,856.00 |
| $ 1,370.00 | $ 5,480.00 | $ 4,521.00 | $ 65,760.00 | $54,252.00 |
| $ 1,380.00 | $ 5,520.00 | $ 4,554.00 | $ 66,240.00 | $54,648.00 |
| $ 1,390.00 | $ 5,560.00 | $ 4,587.00 | $ 66,720.00 | $55,044.00 |
| $ 1,400.00 | $ 5,600.00 | $ 4,620.00 | $ 67,200.00 | $55,440.00 |
| $ 1,410.00 | $ 5,640.00 | $ 4,653.00 | $ 67,680.00 | $55,836.00 |
| $ 1,420.00 | $ 5,680.00 | $ 4,686.00 | $ 68,160.00 | $56,232.00 |
| $ 1,430.00 | $ 5,720.00 | $ 4,719.00 | $ 68,640.00 | $56,628.00 |
| $ 1,440.00 | $ 5,760.00 | $ 4,752.00 | $ 69,120.00 | $57,024.00 |
| $ 1,450.00 | $ 5,800.00 | $ 4,785.00 | $ 69,600.00 | $57,420.00 |
| $ 1,460.00 | $ 5,840.00 | $ 4,818.00 | $ 70,080.00 | $57,816.00 |
| $ 1,470.00 | $ 5,880.00 | $ 4,851.00 | $ 70,560.00 | $58,212.00 |
| $ 1,480.00 | $ 5,920.00 | $ 4,884.00 | $ 71,040.00 | $58,608.00 |
| $ 1,490.00 | $ 5,960.00 | $ 4,917.00 | $ 71,520.00 | $59,004.00 |
| $ 1,500.00 | $ 6,000.00 | $ 4,950.00 | $ 72,000.00 | $59,400.00 |
| $ 1,510.00 | $ 6,040.00 | $ 4,983.00 | $ 72,480.00 | $59,796.00 |
| $ 1,520.00 | $ 6,080.00 | $ 5,016.00 | $ 72,960.00 | $60,192.00 |
| $ 1,530.00 | $ 6,120.00 | $ 5,049.00 | $ 73,440.00 | $60,588.00 |
| $ 1,540.00 | $ 6,160.00 | $ 5,082.00 | $ 73,920.00 | $60,984.00 |
| $ 1,550.00 | $ 6,200.00 | $ 5,115.00 | $ 74,400.00 | $61,380.00 |
| $ 1,560.00 | $ 6,240.00 | $ 5,148.00 | $ 74,880.00 | $61,776.00 |
| $ 1,570.00 | $ 6,280.00 | $ 5,181.00 | $ 75,360.00 | $62,172.00 |
| $ 1,580.00 | $ 6,320.00 | $ 5,214.00 | $ 75,840.00 | $62,568.00 |
| $ 1,590.00 | $ 6,360.00 | $ 5,247.00 | $ 76,320.00 | $62,964.00 |
| $ 1,600.00 | $ 6,400.00 | $ 5,280.00 | $ 76,800.00 | $63,360.00 |
| $ 1,610.00 | $ 6,440.00 | $ 5,313.00 | $ 77,280.00 | $63,756.00 |
| $ 1,620.00 | $ 6,480.00 | $ 5,346.00 | $ 77,760.00 | $64,152.00 |
| $ 1,630.00 | $ 6,520.00 | $ 5,379.00 | $ 78,240.00 | $64,548.00 |
| $ 1,640.00 | $ 6,560.00 | $ 5,412.00 | $ 78,720.00 | $64,944.00 |
| $ 1,650.00 | $ 6,600.00 | $ 5,445.00 | $ 79,200.00 | $65,340.00 |
| $ 1,660.00 | $ 6,640.00 | $ 5,478.00 | $ 79,680.00 | $65,736.00 |
| $ 1,670.00 | $ 6,680.00 | $ 5,511.00 | $ 80,160.00 | $66,132.00 |
| $ 1,680.00 | $ 6,720.00 | $ 5,544.00 | $ 80,640.00 | $66,528.00 |
| $ 1,690.00 | $ 6,760.00 | $ 5,577.00 | $ 81,120.00 | $66,924.00 |
| $ 1,700.00 | $ 6,800.00 | $ 5,610.00 | $ 81,600.00 | $67,320.00 |
| $ 1,710.00 | $ 6,840.00 | $ 5,643.00 | $ 82,080.00 | $67,716.00 |
| $ 1,720.00 | $ 6,880.00 | $ 5,676.00 | $ 82,560.00 | $68,112.00 |
| $ 1,730.00 | $ 6,920.00 | $ 5,709.00 | $ 83,040.00 | $68,508.00 |
| $ 1,740.00 | $ 6,960.00 | $ 5,742.00 | $ 83,520.00 | $68,904.00 |
| $ 1,750.00 | $ 7,000.00 | $ 5,775.00 | $ 84,000.00 | $69,300.00 |
| $ 1,760.00 | $ 7,040.00 | $ 5,808.00 | $ 84,480.00 | $69,696.00 |
| $ 1,770.00 | $ 7,080.00 | $ 5,841.00 | $ 84,960.00 | $70,092.00 |
| $ 1,780.00 | $ 7,120.00 | $ 5,874.00 | $ 85,440.00 | $70,488.00 |
| $ 1,790.00 | $ 7,160.00 | $ 5,907.00 | $ 85,920.00 | $70,884.00 |
| $ 1,800.00 | $ 7,200.00 | $ 5,940.00 | $ 86,400.00 | $71,280.00 |
| $ 1,810.00 | $ 7,240.00 | $ 5,973.00 | $ 86,880.00 | $71,676.00 |
| $ 1,820.00 | $ 7,280.00 | $ 6,006.00 | $ 87,360.00 | $72,072.00 |
| $ 1,830.00 | $ 7,320.00 | $ 6,039.00 | $ 87,840.00 | $72,468.00 |
| $ 1,840.00 | $ 7,360.00 | $ 6,072.00 | $ 88,320.00 | $72,864.00 |
| $ 1,850.00 | $ 7,400.00 | $ 6,105.00 | $ 88,800.00 | $73,260.00 |
| $ 1,860.00 | $ 7,440.00 | $ 6,138.00 | $ 89,280.00 | $73,656.00 |
| $ 1,870.00 | $ 7,480.00 | $ 6,171.00 | $ 89,760.00 | $74,052.00 |
| $ 1,880.00 | $ 7,520.00 | $ 6,204.00 | $ 90,240.00 | $74,448.00 |
| $ 1,890.00 | $ 7,560.00 | $ 6,237.00 | $ 90,720.00 | $74,844.00 |
| $ 1,900.00 | $ 7,600.00 | $ 6,270.00 | $ 91,200.00 | $75,240.00 |
| $ 1,910.00 | $ 7,640.00 | $ 6,303.00 | $ 91,680.00 | $75,636.00 |
| $ 1,920.00 | $ 7,680.00 | $ 6,336.00 | $ 92,160.00 | $76,032.00 |
| $ 1,930.00 | $ 7,720.00 | $ 6,369.00 | $ 92,640.00 | $76,428.00 |
| $ 1,940.00 | $ 7,760.00 | $ 6,402.00 | $ 93,120.00 | $76,824.00 |
| $ 1,950.00 | $ 7,800.00 | $ 6,435.00 | $ 93,600.00 | $77,220.00 |
| $ 1,960.00 | $ 7,840.00 | $ 6,468.00 | $ 94,080.00 | $77,616.00 |
| $ 1,970.00 | $ 7,880.00 | $ 6,501.00 | $ 94,560.00 | $78,012.00 |
| $ 1,980.00 | $ 7,920.00 | $ 6,534.00 | $ 95,040.00 | $78,408.00 |
| $ 1,990.00 | $ 7,960.00 | $ 6,567.00 | $ 95,520.00 | $78,804.00 |
| $ 2,000.00 | $ 8,000.00 | $ 6,600.00 | $ 96,000.00 | $79,200.00 |