# 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    | 22.8%  |
| Homeowner households| 12,221  | 77.2%  |
| Total households   | 15,832   | 100.0% |

#### Low-income renter households

| Households                     | % share  |
|--------------------------------|----------|
| Extremely low-income (≤30% AMI)| 411      | 11.4%  |
| Very low-income (31-50% AMI)  | 500      | 13.8%  |
| Low-income (51-80% AMI)       | 809      | 22.4%  |
| All low-income households (<80% AMI) | 1,720 | 47.6%  |

#### Rent-burdened households

| Households                       | % share  |
|----------------------------------|----------|
| Moderately rent-burdened         | 916      | 25.4%  |
| 30.0–34.9%                       | 177      | 4.9%   |
| 35.0–39.9%                       | 376      | 10.4%  |
| 40.0-49.9%                       | 363      | 10.1%  |
| Severely rent-burdened           | 811      | 22.5%  |
| All rent-burdened households     | 1,727    | 47.8%  |

### 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  |
| ...                          | ...                               | ...  | ...         | ...        | ...              | ...      |

### HousingCount

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