# Avery County

### Summary

20.5%

share of renter households

49.7%

share of low-income households

37.6%

share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share   |
|--------------------------|-----------|
| Renter households        | 1,307     | 20.5% |
| Homeowner households     | 5,071     | 79.5% |
| Total households         | 6,378     | 100.0% |

#### Low-income renter households

| Renter households by income group | Households | % share |
|----------------------------------|------------|---------|
| Extremely low-income ≤30% AMI    | 191        | 14.6%   |
| Very low-income 31-50% AMI      | 149        | 11.4%   |
| Low-income 51-80% AMI            | 310        | 23.7%   |
| All low-income households <80% AMI| 650        | 49.7%   |

#### Rent-burdened households

| Share of income spent on rent        | Households | % share |
|--------------------------------------|------------|---------|
| Moderately rent-burdened            | 310        | 23.7%   |
| 30.0–34.9%                          | 101        | 7.7%    |
| 35.0–39.9%                          | 133        | 10.2%   |
| 40.0-49.9%                          | 76         | 5.8%    |
| Severely rent-burdened              | 181        | 13.8%   |
| ≥50.0%                              | 181        | 13.8%   |
| All rent-burdened households        | 491        | 37.6%   |

### Affordable housing shortage

#### Rent vs median household income

| Median household income | Amount ($) |  
|-------------------------|-------------|
| in 2010                 | 23,811      |
| in 2021                 | 33,786      |
| Increase (2010–2021)    | 41.9%       |

| Median rent              | Amount ($) |  
|-------------------------|-------------|
| in 2010                 | 382         |
| in 2021                 | 580         |
| Increase (2010–2021)    | 51.8%       |

#### Affordable housing stock

| Supply, demand & shortage | Units |
|-------------------------|-------|
| Supply (current stock)  | 2,436 |
| Demand (total units needed)| 279  |
| Shortage                | -1,362 |
| Total shortage          | -1,362 |
| Supply/demand ratio     | 873.1% |

## HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                              | Type                                 | Year | Zipcode | Market Rate | Low-income | LIHTC allocation | Amount       |
|-----------------------------------|-------------------------------------|------|---------|-------------|------------|------------------|--------------|
| HIGHBRIDGE OVERLOOK               | New construction                     | 2014 | N/A     | N/A         | 154        | N/A              | $1,804,887   |
| IRVINGTON FAMILY APTS             | New construction                     | 2007 | N/A     | N/A         | 99         | N/A              | $1,378,252   |
| HILLTOP VILLAGE                   | New construction - Acquisition and Rehab | 2012 | N/A     | N/A         | 200        | N/A              | $504,385     |
| HUNTINGTON RESERVE                 | NA                                  | 2006 | N/A     | N/A         | 168        | N/A              | $424,046     |
| HOLT + HAMILTON FAMILY APARTMENTS  | New construction                     | 2016 | N/A     | N/A         | 61         | N/A              | $1,557,010   |
| INTERVALE GARDENS LLC             | New construction                     | 2008 | N/A     | N/A         | 65         | N/A              | $659,087     |
| HOMES OF RENAISSANCE PRESERVE II   | New construction                     | 2012 | N/A     | N/A         | 88         | N/A              | $1,510,000   |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction            | 2013 | N/A     | N/A         | 39         | N/A              | $674,261     |
| IMPERIAL GARDENS FAMILY APTS      | New construction                     | 2009 | N/A     | N/A         | 76         | N/A              | $1,142,750   |
| HOLLY HEIGHTS I + II APARTMENTS   | Acquisition and Rehab                | 2016 | N/A     | N/A         | 41         | N/A              | $435,816     |

... (additional similar rows)

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