Builders Patch | HousingCount Pasquotank County affordable housing data.
Pasquotank County
Summary
- 36.9% share of renter households
- 46.0% share of low-income households
- 43.1% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 5,554 |
| Homeowner households | 9,507 |
| Total households | 15,061 |
Low-income renter households
| Household Group | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 990 | 17.8% |
| Very low-income (31-50% AMI) | 506 | 9.1% |
| Low-income (51-80% AMI) | 1,060 | 19.1% |
| All low-income households (<80% AMI) | 2,556 | 46.0% |
Rent-burdened households
| Type | Households | % share |
|---|---|---|
| Moderately rent-burdened | 1,346 | 24.2% |
| 30.0–34.9% | 479 | 8.6% |
| 35.0–39.9% | 438 | 7.9% |
| 40.0-49.9% | 429 | 7.7% |
| Severely rent-burdened | 1,049 | 18.9% |
| ≥50.0% | 1,049 | 18.9% |
| All rent-burdened households | 2,395 | 43.1% |
Affordable housing shortage
Rent vs median household income
| Year | Median Household Income ($) | Median Rent ($) | Increase % |
|---|---|---|---|
| 2010 | 25,285 | 536 | N/A |
| 2021 | 38,498 | 732 | 52.3% |
| 36.6% |
Affordable housing stock
| Category | Units |
|---|---|
| Supply (current stock) | 790 |
| Demand (total units needed) | 1,447 |
| Shortage | 824 |
| Total shortage | 824 |
| Supply/demand ratio | 54.6% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Income Ceiling | LIHTC Allocation | Amount ($) |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | N/A | N/A | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | N/A | N/A | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | N/A | N/A | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | N/A | N/A | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | N/A | N/A | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | N/A | N/A | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | N/A | N/A | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | N/A | N/A | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | N/A | N/A | $1,142,750 |