About This Property
625 Carolina Ave in Raleigh offers one 2-bedroom unit designated for low-income families. The property has been in service since 1994 and is financed through the 9% Low-Income Housing Tax Credit program. This single-unit property provides affordable housing options in Wake County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Raleigh
Pre-applications were selected based on time and date plus any applicable preferences; only one pre-application per household was accepted. Eligibility includes household income less than 80% of the area median income, citizenship/eligible immigrant status, and meeting criminal/credit screening criteria.
The waiting list is estimated to be 3-7 years long. Eligibility is for very low-income households (generally not exceeding 50% of the median income) and is limited to U.S. citizens and eligible non-citizens.
Waitlist data provided by section8waitlist.org
Updated July 8, 2026
Property Details
Fair Market Rent - Wake 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 | $1,427 |
| 1 Bedroom | $1,466 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,711 |
Income Limits - Wake County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,100
- Low (80%)
- $68,900
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,850
- Low (80%)
- $76,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,550
- Low (80%)
- $88,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,350
- Low (80%)
- $94,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,200
- Low (80%)
- $101,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,600 |
| 2 Persons | $23,000 | $38,300 | $61,250 |
| 3 Persons | $25,850 | $43,100 | $68,900 |
| 4 Persons | $28,700 | $47,850 | $76,550 |
| 5 Persons | $31,040 | $51,700 | $82,700 |
| 6 Persons | $35,580 | $55,550 | $88,800 |
| 7 Persons | $40,120 | $59,350 | $94,950 |
| 8 Persons | $44,660 | $63,200 | $101,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raleigh, NC?+
The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like 625 Carolina Ave is typically 30% of household income or less.
What size apartments are available at 625 Carolina Ave?+
625 Carolina Ave offers the following unit types: 1 Two-Bedroom units, for a total of 1 units.
Who is eligible to live at 625 Carolina Ave?+
625 Carolina Ave 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 625 Carolina Ave?+
625 Carolina Ave 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.
What is the price range for apartments in Raleigh, NC?+
Based on Fair Market Rent for Wake County, the estimated price range is: 2-bedroom: $1646. Actual rent at 625 Carolina Ave may be lower for income-eligible households.
What are the income limits for affordable housing in Wake County, NC?+
For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. These limits are set by HUD and updated annually.
Who manages 625 Carolina Ave?+
625 Carolina Ave is managed by . You can reach them at .
Is there a waitlist for 625 Carolina Ave?+
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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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