# Transylvania County

### Summary

23.3%  
share of renter households  
49.9%  
share of low-income households  
34.5%  
share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households              | % share |
|------------------------|---------|
| Renter households       | 3,293   | 23.3%   |
| Homeowner households    | 10,820  | 76.7%   |
| Total households        | 14,113  | 100.0%  |

#### Low-income renter households

| Income Group                | Households | % share |
|-----------------------------|------------|---------|
| Extremely low-income (≤30% AMI) | 657        | 20.0%   |
| Very low-income (31-50% AMI)    | 326        | 9.9%    |
| Low-income (51-80% AMI)         | 659        | 20.0%   |
| All low-income households (<80% AMI) | 1,642      | 49.9%   |

#### Rent-burdened households

| Burden Type                     | Households | % share |
|----------------------------------|------------|---------|
| Moderately rent-burdened         | 529        | 16.1%   |
| 30.0–34.9%                       | 210        | 6.4%    |
| 35.0–39.9%                       | 159        | 4.8%    |
| 40.0-49.9%                       | 160        | 4.9%    |
| Severely rent-burdened           | 608        | 18.5%   |
| ≥50.0%                           | 608        | 18.5%   |
| All rent-burdened households     | 1,137      | 34.5%   |

### Affordable housing shortage

| Measure                          | Amount ($) | Year |
|----------------------------------|------------|------|
| Median household income           | 22,325     | 2010 |
| Median household income           | 33,817     | 2021 |
| Increase (2010–2021)             | 51.5%      |      |
| Median rent                       | 281        | 2010 |
| Median rent                       | 614        | 2021 |
| Increase (2010–2021)             | 118.5%     |      |

| Supply, demand & shortage        | Units     |
|----------------------------------|-----------|
| Supply (current stock)           | 5,462     |
| Demand (total units needed)      | 879       |
| Shortage                          | -2,507    |
| Total shortage                    | -2,507    |
| Supply/Demand ratio               | 621.4%    |

### HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                            | Type                          | Year | Income Ceiling | LIHTC Allocation | Units | Market Rate | Low-income | Amount      |
|---------------------------------|-------------------------------|------|----------------|------------------|-------|-------------|------------|-------------|
| HIGHBRIDGE OVERLOOK             | New construction               | 2014 | N/A            | N/A              | 1     | N/A         | 60% AMI    | $1,804,887  |
| IRVINGTON FAMILY APTS           | New construction               | 2007 | N/A            | N/A              | 1     | N/A         | 60% AMI    | $1,378,252  |
| HILLTOP VILLAGE                 | New construction - Acquisition | 2012 | N/A            | N/A              | 0     | N/A         | 60% AMI    | $504,385    |
| HUNTINGTON RESERVE              | N/A                           | 2006 | N/A            | N/A              | 0     | N/A         | 60% AMI    | $424,046    |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction               | 2016 | N/A            | N/A              | 1     | N/A         | 60% AMI    | $1,557,010  |
| INTERVALE GARDENS LLC           | New construction               | 2008 | N/A            | N/A              | 1     | N/A         | 60% AMI    | $659,087    |
| HOMES OF RENAISSANCE PRESERVE II | New construction               | 2012 | N/A            | N/A              | 0     | N/A         | 60% AMI    | $1,510,000  |
| [...]                           | [...]                         | ...  | ...            | ...              | ...   | ...         | ...        | ...         |

**Note**: The complete list of properties continues as per the original content.