Builders Patch | HousingCount Wake County affordable housing data.
Wake County
Summary
35.7% share of renter households
44.9% share of low-income households
43.5% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households |
% share |
| Renter households |
150,719 |
| Homeowner households |
271,425 |
| Total households |
422,144 |
Low-income renter households
| Households |
% share |
| Extremely low-income (≤30% AMI) |
20,950 |
| Very low-income (31-50% AMI) |
21,903 |
| Low-income (51-80% AMI) |
24,854 |
| All low-income households (<80% AMI) |
67,707 |
Rent-burdened households
| Share of income spent on rent |
Households |
% share |
| Moderately rent-burdened (30.0–34.9%) |
35,985 |
23.9% |
| 35.0–39.9% |
12,840 |
8.5% |
| 40.0-49.9% |
13,248 |
8.8% |
| Severely rent-burdened (≥50.0%) |
29,522 |
19.6% |
| All rent-burdened households |
65,507 |
43.5% |
Affordable housing shortage
Rent vs median household income
| Year |
Median household income |
Median rent |
Increase (%) |
| 2010 |
$35,057 |
$335 |
- |
| 2021 |
$53,128 |
$1,132 |
51.5% |
Affordable housing stock
| Units |
Supply (current stock) |
Demand (total units needed) |
Shortage |
|
4,051 |
32,901 |
29,226 |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name |
Type |
Year |
Zipcode |
Number of units |
Income ceiling |
LIHTC allocation |
Amount |
| HIGHBRIDGE OVERLOOK |
New construction |
2014 |
N/A |
154 |
60% AMI |
$1,804,887 |
|
| IRVINGTON FAMILY APTS |
New construction |
2007 |
N/A |
99 |
60% AMI |
$1,378,252 |
|
| HILLTOP VILLAGE |
New construction - Acquisition and Rehab |
2012 |
N/A |
200 |
60% AMI |
$504,385 |
|
| HUNTINGTON RESERVE |
NA |
2006 |
N/A |
168 |
60% AMI |
$424,046 |
|
| HOLT + HAMILTON FAMILY APARTMENTS |
New construction |
2016 |
N/A |
61 |
60% AMI |
$1,557,010 |
|
| INTERVALE GARDENS LLC |
New construction |
2008 |
N/A |
65 |
60% AMI |
$659,087 |
|
| HOMES OF RENAISSANCE PRESERVE II |
New construction |
2012 |
N/A |
88 |
60% AMI |
$1,510,000 |
|
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS |
New construction |
2013 |
N/A |
39 |
60% AMI |
$674,261 |
|