# 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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