# Craven County

### Summary

34.8%  
share of renter households

44.6%  
share of low-income households

40.9%  
share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Type                | Households | % share |
|---------------------|------------|---------|
| Renter households    | 14,065     | 34.8%   |
| Homeowner households | 26,355     | 65.2%   |
| Total households     | 40,420     | 100.0%  |

#### Low-income renter households

| Income Group                | Households | % share |
|------------------------------|------------|---------|
| Extremely low-income (≤30% AMI) | 2,232      | 15.9%   |
| Very low-income (31-50% AMI)    | 1,101      | 7.8%    |
| Low-income (51-80% AMI)         | 2,935      | 20.9%   |
| All low-income households (<80% AMI) | 6,268      | 44.6%   |

#### Rent-burdened households

| Burden Level                  | Households | % share |
|-------------------------------|------------|---------|
| Moderately rent-burdened      | 2,865      | 20.4%   |
| 30.0–34.9%                   | 1,143      | 8.1%    |
| 35.0–39.9%                   | 872        | 6.2%    |
| 40.0-49.9%                   | 850        | 6.0%    |
| Severely rent-burdened       | 2,892      | 20.6%   |
| ≥50.0%                       | 2,892      | 20.6%   |
| All rent-burdened households  | 5,757      | 40.9%   |

### Affordable housing shortage

#### Rent vs median household income

**Median household income**  
Amount ($)  
- in 2010: 29,302  
- in 2021: 36,110  
- Increase (2010–2021): 23.2%

**Median rent**  
Amount ($)  
- in 2010: 617  
- in 2021: 750  
- Increase (2010–2021): 21.6%

**Affordable housing stock**  
| Type          | Units  |
|---------------|--------|
| Supply (current stock) | 1,869  |
| Demand (total units needed) | 3,067  |
| Shortage       | 1,693  |
| % shortage     | 60.9%  |
| supply/demand ratio |        |

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

| Name                              | Type                           | Year | Zipcode | Number of units | Income ceiling | LIHTC allocation |
|-----------------------------------|--------------------------------|------|---------|-----------------|----------------|------------------|
| HIGHBRIDGE OVERLOOK               | New construction               | 2014 | N/A     | 154             | 60% AMI        | $1,804,887       |
| IRVINGTON FAMILY APTS             | New construction               | 2007 | N/A     | 99              | 60% AMI        | $1,378,252       |
| HILLTOP VILLAGE                   | New construction - Acquisition and Rehab | 2012 | N/A | 200             | 60% AMI | $504,385      |
| HUNTINGTON RESERVE                 | N/A                            | 2006 | N/A     | 168             | 60% AMI        | $424,046         |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction               | 2016 | N/A     | 61              | 60% AMI        | $1,557,010       |
| INTERVALE GARDENS LLC             | New construction               | 2008 | N/A     | 65              | 60% AMI        | $659,087         |
| HOMES OF RENAISSANCE PRESERVE II   | New construction               | 2012 | N/A     | 88              | 60% AMI        | $1,510,000       |
| ...                               | ...                            | ...  | ...     | ...             | ...            | ...              |

### Builders Patch blog

### Read our blog & report summaries on affordable housing & tech

**Kittle Property Group selects Builders Patch's AI platform to streamline affordable housing development and operations**  
November 17, 2025

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**Bridging innovation and community: reflections from the 2025 Montana Housing Partnership Conference**  
May 29, 2025

**New York City C-PACE Financing: PACE Funding Now Available for New Construction**  
August 30, 2024