About This Property
Park Terrace III contains 78 low-income rental units in High Point, North Carolina, serving families with a mix of one, two, and three-bedroom floor plans. The property, which entered service in 2016, utilizes 4% Low-Income Housing Tax Credits to support affordability. Six one-bedroom, thirty two-bedroom, and forty-two three-bedroom units are available.
Waitlist Information
Waitlist managed by Housing Authority of the City of High Point
Preferences include living or working locally or being working/employed; applicants are placed on the waiting list by date and time received, after sorting preferences.
Preferences included living, working, or attending school in High Point, veterans, working/employed, displaced by natural disaster, or displaced by government action.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Guilford County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,011 |
| 1 Bedroom | $1,042 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,493 |
| 4 Bedroom | $1,680 |
Income Limits - Guilford County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,000
- Very Low (50%)
- $23,350
- Low (80%)
- $37,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,050
- Low (80%)
- $48,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,350
- Low (80%)
- $53,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,050
- Low (80%)
- $57,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,400
- Low (80%)
- $66,200
- Extremely Low (30%)
- $44,050
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,000 | $23,350 | $37,350 |
| 2 Persons | $17,420 | $26,700 | $42,700 |
| 3 Persons | $21,960 | $30,050 | $48,050 |
| 4 Persons | $26,500 | $33,350 | $53,350 |
| 5 Persons | $31,040 | $36,050 | $57,650 |
| 6 Persons | $35,580 | $38,700 | $61,900 |
| 7 Persons | $40,120 | $41,400 | $66,200 |
| 8 Persons | $44,050 | $44,050 | $70,450 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in High Point, NC?+
The Fair Market Rent (FMR) for Guilford County, NC is: $1011 (Studio), $1042 (1BR), $1170 (2BR), $1493 (3BR), $1680 (4BR). Actual rent at subsidized properties like Park Terrace Iii is typically 30% of household income or less.
What size apartments are available at Park Terrace Iii?+
Park Terrace Iii offers the following unit types: 6 One-Bedroom, 30 Two-Bedroom, 42 Three-Bedroom units, for a total of 78 units.
Is there a waitlist for Park Terrace Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Guilford County, NC?+
For a 4-person household in Guilford County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,350, Low Income (80% AMI): $53,350. These limits are set by HUD and updated annually.
Who is eligible to live at Park Terrace Iii?+
Park Terrace Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Park Terrace Iii?+
Park Terrace Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Park Terrace Iii?+
Park Terrace Iii is managed by . You can reach them at .
What is the price range for apartments in High Point, NC?+
Based on Fair Market Rent for Guilford County, the estimated price range is: 1-bedroom: $1042, 2-bedroom: $1170, 3-bedroom: $1493. Actual rent at Park Terrace Iii may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Park Terrace Iii
Spring Valley Apartments
High Point, NC
79 Units
Park Terrace Iii
High Point, NC
5 Units
Park Terrace Phase I Clara Cox I
High Point, NC
5 UnitsLake Road Apartments
High Point, NC
99 Units
Rhf Scattered Sites
High Point, NC
2 Units
Astor Dowdy Towers
High Point, NC
106 Units