# Iredell County

### Summary

28.2% share of renter households

50.2% share of low-income households

37.6% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Type                   | Households | % share |
|------------------------|------------|---------|
| Renter households       | 19,920     | 28.2%   |
| Homeowner households    | 50,734     | 71.8%   |
| Total households        | 70,654     | 100.0%  |

#### Low-income renter households

| Group                    | Households | % share |
|-------------------------|------------|---------|
| Extremely low-income     | ≤30% AMI   | 2,473   | 12.4%  |
| Very low-income          | 31-50% AMI | 2,204   | 11.1%  |
| Low-income               | 51-80% AMI | 5,327   | 26.7%  |
| All low-income households | <80% AMI   | 10,004  | 50.2%  |

#### Rent-burdened households

| Category                      | Households | % share |
|-------------------------------|------------|---------|
| Moderately rent-burdened      | 4,415      | 22.2%   |
| 30.0–34.9%                    | 1,430      | 7.2%    |
| 35.0–39.9%                    | 1,454      | 7.3%    |
| 40.0-49.9%                    | 1,531      | 7.7%    |
| Severely rent-burdened        | 3,083      | 15.5%   |
| ≥50.0%                        | 3,083      | 15.5%   |
| All rent-burdened households   | 7,498      | 37.6%   |

### Affordable housing shortage

#### Rent vs median household income

| Year | Median household income ($) | Median rent ($) |
|------|----------------------------|-----------------|
| 2010 | 28,064                     | 483             |
| 2021 | 43,920                     | 822             |

**Increase (2010–2021)**
- Median household income: 56.5%
- Median rent: 70.2%

#### Affordable housing stock

| Type           | Amount    |
|----------------|-----------|
| Supply         | 1,778     |
| Demand         | 4,108     |
| Shortage       | 2,617     |
| Supply/Demand Ratio | 43.3% |

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

| Property Name                        | Type                      | Year | Zipcode | Market Rate | Low-income Units | Income Ceiling | LIHTC Allocation |
|-------------------------------------|---------------------------|------|---------|-------------|------------------|----------------|------------------|
| HIGHBRIDGE OVERLOOK                 | New construction          | 2014 | N/A     | 154         | 1                 | 60% AMI        | $1,804,887       |
| IRVINGTON FAMILY APTS               | New construction          | 2007 | N/A     | 99          | 1                 | 60% AMI        | $1,378,252       |
| HILLTOP VILLAGE                     | New construction - Acquisition and Rehab | 2012 | N/A | 200 | 0 | 60% AMI | $504,385 |
| HUNTINGTON RESERVE                   | NA                        | 2006 | N/A     | 168         | 0                 | 60% AMI        | $424,046         |
| HOLT + HAMILTON FAMILY APARTMENTS    | New construction          | 2016 | N/A     | 61          | 1                 | 60% AMI        | $1,557,010       |
| INTERVALE GARDENS LLC                | New construction          | 2008 | N/A     | 65          | 1                 | 60% AMI        | $659,087         |
| ... [additional properties] ...       | ...                       | ...  | ...     | ...         | ...              | ...            | ...              |

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