# Chowan County

### Summary

35.0%  share of renter households  
45.9%  share of low-income households  
37.1%  share of rent-burdened households

### Renter population data

Renters vs homeowners  
| Households               | % share |  
|------------------------|---------|  
| Renter households      | 2,196   | 35.0%   
| Homeowner households   | 4,074   | 65.0%   
| Total households       | 6,270   | 100.0%

Low-income renter households  
| Households                                | % share |  
|------------------------------------------|---------|  
| Extremely low-income ≤30% AMI            | 516     | 23.5%   
| Very low-income 31-50% AMI                | 195     | 8.9%    
| Low-income 51-80% AMI                     | 296     | 13.5%   
| All low-income households <80% AMI        | 1,007   | 45.9%

Rent-burdened households  
| Households               | % share |  
|------------------------|---------|  
| Moderately rent-burdened | 332     | 15.1%   
| 30.0–34.9%          | 266     | 12.1%   
| 35.0–39.9%          | 36      | 1.6%    
| 40.0-49.9%          | 30      | 1.4%    
| Severely rent-burdened | 483     | 22.0%   
| ≥50.0%                | 483     | 22.0%   
| All rent-burdened households | 815   | 37.1%

### Affordable housing shortage

| Rent vs median household income   | Amount ($)      |  
|----------------------------------|-----------------|  
| Median household income in 2010  | 19,627          |  
| Median household income in 2021  | 27,123          |  
| Increase (2010–2021)             | 38.2%           |  
| Median rent in 2010              | 397             |  
| Median rent in 2021              | 546             |  
| Increase (2010–2021)             | 37.5%           |

| Affordable housing stock   | Units                  |  
|---------------------|-----------------------|  
| Supply (current stock) | 1,703                  |  
| Demand (total units needed) | 687           |  
| Shortage               | -503                   |  
| Total shortage         | -503                   |  
| Supply/demand ratio    | 247.9%                 |

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

| Name                                | Type                              | Year | Zipcode | Number of units | Income ceiling | LIHTC allocation |  
|-------------------------------------|-----------------------------------|------|---------|-----------------|----------------|------------------|
| HIGHBRIDGE OVERLOOK                 | New construction                   | N/A  | 10452   | N/A             | 60% AMI       | $1,804,887       |
| IRVINGTON FAMILY APTS               | New construction                   | N/A  | 94538   | N/A             | 60% AMI       | $1,378,252       |
| HILLTOP VILLAGE                     | New construction - Acquisition and Rehab | N/A   | 32208   | N/A             | 60% AMI       | $504,385         |
| HUNTINGTON RESERVE                  | NA                                | N/A  | 32773   | N/A             | 60% AMI       | $424,046         |
| HOLT + HAMILTON FAMILY APARTMENTS   | New construction                   | N/A  | 91768   | N/A             | 60% AMI       | $1,557,010       |
| INTERVALE GARDENS LLC               | New construction                   | N/A  | 10459   | N/A             | 60% AMI       | $659,087         |
| HOMES OF RENAISSANCE PRESERVE II    | New construction                   | N/A  | 33905   | N/A             | 60% AMI       | $1,510,000       |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                   | N/A  | 90018   | N/A             | 60% AMI       | $674,261         |
| IMPERIAL GARDENS FAMILY APTS        | New construction                   | N/A  | 92243   | N/A             | 60% AMI       | $1,142,750       |
| HOLLY HEIGHTS I + II APARTMENTS     | Acquisition and Rehab              | N/A  | 95490   | N/A             | 60% AMI       | $435,816         |