Builders Patch | HousingCount Cabarrus County affordable housing data.
Cabarrus County
Summary
27.1%
share of renter households
48.7%
share of low-income households
41.3%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 20,333 |
| Homeowner households | 54,634 |
| Total households | 74,967 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income (≤30% AMI) | 2,445 |
| Very low-income (31-50% AMI) | 2,367 |
| Low-income (51-80% AMI) | 5,082 |
| All low-income households (<80% AMI) | 9,894 |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 4,985 |
| 30.0–34.9% | 1,852 |
| 35.0–39.9% | 1,564 |
| 40.0-49.9% | 1,569 |
| Severely rent-burdened | 3,418 |
| All rent-burdened households | 8,403 |
Affordable housing shortage
Rent vs median household income
| Median household income | Amount ($) |
|---|---|
| in 2010 | 32,189 |
| in 2021 | 46,951 |
| Increase (2010–2021) | 45.9% |
| Median rent | Amount ($) |
|---|---|
| in 2010 | 423 |
| in 2021 | 859 |
| Increase (2010–2021) | 103.1% |
Affordable housing stock
| Units | Count |
|---|---|
| Supply (current stock) | 2,111 |
| Demand (total units needed) | 4,482 |
| Shortage | 2,624 |
| Total shortage | 2,624 |
| Supply/demand ratio | 47.1% |
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 | 1 | N/A | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 1 | N/A | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition | 2012 | N/A | 0 | N/A | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 0 | N/A | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 1 | N/A | $1,557,010 |
... (data continues with additional properties) ...