Builders Patch | HousingCount Dare County affordable housing data.

Dare County

Summary

22.8% share of renter households

47.6% share of low-income households

47.8% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 3,611
Homeowner households 12,221
Total households 15,832

Low-income renter households

Households % share
Extremely low-income (≤30% AMI) 411
Very low-income (31-50% AMI) 500
Low-income (51-80% AMI) 809
All low-income households (<80% AMI) 1,720

Rent-burdened households

Households % share
Moderately rent-burdened 916
30.0–34.9% 177
35.0–39.9% 376
40.0-49.9% 363
Severely rent-burdened 811
All rent-burdened households 1,727

Affordable housing shortage

Rent vs median household income

Year Median household income ($) Median rent ($) Increase (%)
2010 40,613 441 -
2021 46,544 966 119.0%

Affordable housing stock

Units Supply (current stock) Demand (total units needed) Shortage Supply/Demand Ratio (%)
3,467 805 -1,680 (total shortage) 430.7%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Market Rate Low-income LIHTC allocation Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A N/A 60% AMI $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A N/A 60% AMI $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A N/A 60% AMI $504,385
HUNTINGTON RESERVE NA 2006 N/A N/A 60% AMI $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A N/A 60% AMI $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A N/A 60% AMI $659,087
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