About This Property
Sherwood Place comprises 40 one-bedroom units in Asheboro, NC, serving elderly, disabled, and homeless populations. The property was placed in service in 2008 and receives funding through HOME and 9% LIHTC credits. All units are designated as low-income housing.
Waitlist Information
Waitlist managed by Asheboro Housing Authority
The Public Housing waiting list will be closed indefinitely effective 1/1/25. Preferences are given for elderly, disabled and working applicants who live or work in Randolph County.
The Section 8 waiting list will be closed indefinitely effective 1/1/25. Preferences are given for elderly, disabled and working applicants who live or work in Randolph County.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Randolph 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 - Randolph 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Asheboro, NC?+
The Fair Market Rent (FMR) for Randolph County, NC is: $1011 (Studio), $1042 (1BR), $1170 (2BR), $1493 (3BR), $1680 (4BR). Actual rent at subsidized properties like Sherwood Place is typically 30% of household income or less.
What size apartments are available at Sherwood Place?+
Sherwood Place offers the following unit types: 40 One-Bedroom units, for a total of 40 units.
Who manages Sherwood Place?+
Sherwood Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Asheboro, NC?+
Based on Fair Market Rent for Randolph County, the estimated price range is: 1-bedroom: $1042. Actual rent at Sherwood Place may be lower for income-eligible households.
How do I apply for housing at Sherwood Place?+
Sherwood Place is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 is eligible to live at Sherwood Place?+
Sherwood Place primarily serves elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Randolph County, NC?+
For a 4-person household in Randolph 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.
Is there a waitlist for Sherwood Place?+
Public Housing waitlist is currently Closed. 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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