Builders Patch | HousingCount New Hanover County affordable housing data.
New Hanover County
Summary
40.9% share of renter households
42.7% share of low-income households
48.5% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households |
% share |
| Renter households |
40,005 (40.9%) |
| Homeowner households |
57,847 (59.1%) |
| Total households |
97,852 (100.0%) |
Low-income renter households
| Households |
% share |
| Extremely low-income ≤30% AMI |
7,120 (17.8%) |
| Very low-income 31-50% AMI |
5,555 (13.9%) |
| Low-income 51-80% AMI |
4,421 (11.1%) |
| All low-income households <80% AMI |
17,096 (42.7%) |
Rent-burdened households
| Households |
% share |
| Moderately rent-burdened |
8,980 (22.4%) |
| 30.0–34.9% |
3,118 (7.8%) |
| 35.0–39.9% |
2,442 (6.1%) |
| 40.0-49.9% |
3,420 (8.5%) |
| Severely rent-burdened |
10,429 (26.1%) |
| ≥50.0% |
10,429 (26.1%) |
| All rent-burdened households |
19,409 (48.5%) |
Affordable housing shortage
Rent vs median household income
| Median household income |
Amount ($) |
| in 2010 |
28,179 |
| in 2021 |
40,110 |
| Increase (2010–2021) |
42.3% |
Median rent
| Median rent |
Amount ($) |
| in 2010 |
315 |
| in 2021 |
970 |
| Increase (2010–2021) |
207.9% |
Affordable housing stock
| Units |
|
| Supply (current stock) |
2,922 |
| Demand (total units needed) |
9,980 |
| Shortage |
7,604 |
| total shortage |
7,604 |
| supply/demand ratio |
29.3% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name |
Type |
Year |
Zipcode |
Market Rate |
Low-income |
LIHTC allocation |
| HIGHBRIDGE OVERLOOK |
New construction |
2014 |
N/A |
1 |
154 |
$1,804,887 |
| IRVINGTON FAMILY APTS |
New construction |
2007 |
N/A |
1 |
99 |
$1,378,252 |
| HILLTOP VILLAGE |
New construction - Acquisition and Rehab |
2012 |
N/A |
0 |
200 |
$504,385 |
| HUNTINGTON RESERVE |
NA |
2006 |
N/A |
0 |
168 |
$424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS |
New construction |
2016 |
N/A |
1 |
61 |
$1,557,010 |
| INTERVALE GARDENS LLC |
New construction |
2008 |
N/A |
1 |
65 |
$659,087 |
| HOMES OF RENAISSANCE PRESERVE II |
New construction |
2012 |
N/A |
0 |
88 |
$1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS |
New construction |
2013 |
N/A |
1 |
39 |
$674,261 |
| IMPERIAL GARDENS FAMILY APTS |
New construction |
2009 |
N/A |
1 |
76 |
$1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS |
Acquisition and Rehab |
2016 |
N/A |
1 |
41 |
$435,816 |
| HILTON SENIOR APTS |
New construction |
2007 |
N/A |
0 |
69 |
$242,084 |
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