# 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     | 36.9%    |
| Homeowner households        | 9,507     | 63.1%    |
| Total households            | 15,061    | 100.0%   |

**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       |