Builders Patch | HousingCount Alleghany County affordable housing data.
Alleghany County
Summary
- 20.6% share of renter households
- 44.3% share of low-income households
- 32.7% share of rent-burdened households
Renter population data
| Households | % share |
|---|---|
| Renter households | 982 |
| Homeowner households | 3,790 |
| Total households | 4,772 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income ≤30% AMI | 98 |
| Very low-income 31-50% AMI | 160 |
| Low-income 51-80% AMI | 177 |
| All low-income households <80% AMI | 435 |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 172 | 17.5% |
| 30.0–34.9% | 61 | 6.2% |
| 35.0–39.9% | 95 | 9.7% |
| 40.0-49.9% | 16 | 1.6% |
| Severely rent-burdened | 149 | 15.2% |
| ≥50.0% | 149 | 15.2% |
| All rent-burdened households | 321 | 32.7% |
Affordable housing shortage
Rent vs median household income
Median household income:
- 2010: $14,288
- 2021: $26,758
- Increase (2010–2021): 87.3%
Median rent:
- 2010: $392
- 2021: $423
- Increase (2010–2021): 7.9%
Affordable housing stock
| Supply, demand & shortage | Units |
|---|---|
| Supply (current stock) | 1,208 |
| Demand (total units needed) | 223 |
| Shortage | -711 |
| Total shortage | -711 |
| Supply/demand ratio | 541.7% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Market Rate | Low-income | Amount |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | N/A | 154 | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | N/A | 99 | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | N/A | 200 | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | N/A | 168 | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | N/A | 61 | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | N/A | 65 | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | N/A | 88 | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | N/A | 39 | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | N/A | 76 | $1,142,750 |