Builders Patch | HousingCount Rowan County affordable housing data.
Rowan County
Summary
29.9%
share of renter households
50.5%
share of low-income households
38.4%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 16,614 |
| Homeowner households | 38,871 |
| Total households | 55,485 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income | 1,990 |
| Very low-income | 2,764 |
| Low-income | 3,631 |
| All low-income households | 8,385 |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 2,737 | 16.5% |
| 30.0–34.9% | 933 | 5.6% |
| 35.0–39.9% | 749 | 4.5% |
| 40.0-49.9% | 1,055 | 6.4% |
| Severely rent-burdened | 3,648 | 22.0% |
| ≥50.0% | 3,648 | 22.0% |
| All rent-burdened households | 6,385 | 38.4% |
Affordable housing shortage
Rent vs median household income
| Median household income | Amount ($) |
|---|---|
| in 2010 | 26,601 |
| in 2021 | 31,670 |
| Increase (2010–2021) | 19.1% |
Median rent
| Median rent | Amount ($) |
|---|---|
| in 2010 | 375 |
| in 2021 | 658 |
| Increase (2010–2021) | 75.5% |
Affordable housing stock
Supply, demand & shortage
| Units | Amount |
|---|---|
| Supply (current stock) | 900 |
| Demand (total units needed) | 3,949 |
| Shortage | 3,274 |
| total shortage | 3,274 |
| supply/demand ratio | 22.8% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Number of units | Income ceiling | LIHTC allocation | Amount |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | N/A | $1,804,887 | |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | N/A | $1,378,252 | |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | N/A | $504,385 | |
| HUNTINGTON RESERVE | NA | 2006 | N/A | N/A | $424,046 | |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | N/A | $1,557,010 | |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | N/A | $659,087 | |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | N/A | $1,510,000 | |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | N/A | $674,261 | |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | N/A | $1,142,750 | |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | N/A | $435,816 | |
| HILTON SENIOR APTS | New construction | 2007 | N/A | N/A | $242,084 | |
| JEFFERSON AVENUE | New construction | 2020 | N/A | N/A | $0 |
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