# 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       |