# Vance County

## Summary

- **40.4%** share of renter households
- **44.3%** share of low-income households
- **42.7%** share of rent-burdened households

## Renter population data

### Renter vs Homeowner
| Type                   | Households | % share  |
|------------------------|------------|----------|
| Renter households      | 6,495      | 40.4%    |
| Homeowner households   | 9,568      | 59.6%    |
| Total households       | 16,063     | 100.0%   |

### Low-income renter households

| Income Group     | Households | % share |
|------------------|------------|---------|
| Extremely low-income (≤30% AMI) | 1,022      | 15.7%   |
| Very low-income (31-50% AMI)    | 1,024      | 15.8%   |
| Low-income (51-80% AMI)          | 830        | 12.8%   |
| All low-income households (<80% AMI) | 2,876      | 44.3%   |

### Rent-burdened households

| Burden Level                | Households | % share |
|-----------------------------|------------|---------|
| Moderately rent-burdened    | 1,438      | 22.1%   |
| 30.0–34.9%                  | 781        | 12.0%   |
| 35.0–39.9%                  | 414        | 6.4%    |
| 40.0-49.9%                  | 243        | 3.7%    |
| Severely rent-burdened      | 1,336      | 20.6%   |
| ≥50.0%                      | 1,336      | 20.6%   |
| All rent-burdened households | 2,774      | 42.7%   |

## Affordable housing shortage

### Rent vs Median household income

| Year | Median Household Income ($) | Median Rent ($) | Increase (%) |
|------|-------------------------------|------------------|--------------|
| 2010 | 19,216                       | 708              | -29.5%       |
| 2021 | 30,607                       | 499              | 59.3%        |

### Affordable housing stock

| | Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand Ratio (%) |
|---|-------------------------|---------------------------|----------|------------------------|
|   | 2,501                   | 1,841                     | 448      | 135.9%                |

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

### List of properties

| Name                              | Type             | Year | Location  | Units | Income Ceiling | LIHTC Allocation | Amount     |
|-----------------------------------|------------------|------|-----------|-------|----------------|------------------|------------|
| HIGHBRIDGE OVERLOOK               | New construction  | 2014 | 10452     | N/A   | 60% AMI       | $1,804,887       | N/A        |
| IRVINGTON FAMILY APTS             | New construction  | 2007 | 94538     | N/A   | 60% AMI       | $1,378,252       | N/A        |
| HILLTOP VILLAGE                   | New construction - Acquisition and Rehab | 2012 | 32208     | N/A | 60% AMI | $504,385 | N/A |
| HUNTINGTON RESERVE                 | New construction  | 2006 | 32773     | N/A   | 60% AMI       | $424,046         | N/A        |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction  | 2016 | 91768     | N/A   | 60% AMI       | $1,557,010       | N/A        |
| INTERVALE GARDENS LLC             | New construction  | 2008 | 10459     | N/A   | 60% AMI       | $659,087         | N/A        |
| HOMES OF RENAISSANCE PRESERVE II  | New construction  | 2012 | 33905     | N/A   | 60% AMI       | $1,510,000       | N/A        |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction  | 2013 | 90018 | N/A   | 60% AMI       | $674,261         | N/A        |
| ... (other properties continue) ...|                  |      |           |       |                |                  |            |

HousingCount

Builders Patch Inc. © 2025 – All rights reserved.