Builders Patch | HousingCount Watauga County affordable housing data.
Watauga County
Summary
- 37.7% share of renter households
- 47.0% share of low-income households
- 56.7% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 7,835 |
| Homeowner households | 12,970 |
| Total households | 20,805 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income | ≤30% AMI |
| Very low-income | 31-50% AMI |
| Low-income | 51-80% AMI |
| All low-income households | <80% AMI |
| Households | % share | |
|---|---|---|
| Extremely low-income | 1,740 | 22.2% |
| Very low-income | 848 | 10.8% |
| Low-income | 1,093 | 14.0% |
| All low-income households | 3,681 | 47.0% |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 1,334 | 17.0% |
| 30.0–34.9% | 448 | 5.7% |
| 35.0–39.9% | 346 | 4.4% |
| 40.0-49.9% | 540 | 6.9% |
| Severely rent-burdened | 3,110 | 39.7% |
| All rent-burdened households | 4,444 | 56.7% |
Affordable housing shortage
Rent vs median household income
| Year | Median household income ($) |
|---|---|
| 2010 | 18,113 |
| 2021 | 26,313 |
| Increase (2010–2021) | 45.3% |
Median rent
| Year | Median rent ($) |
|---|---|
| 2010 | 431 |
| 2021 | 815 |
| Increase (2010–2021) | 89.1% |
Affordable housing stock
| Units | Supply (current stock) | Demand (total units needed) | Shortage | Supply/demand ratio |
|---|---|---|---|---|
| 2,196 | 2,407 | 1,140 | 91.2% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
List of properties
| Name | Type | Year | Number of units | Income ceiling | LIHTC allocation |
|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | 154 | 60% AMI | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | 99 | 60% AMI | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | 200 | 60% AMI | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | 168 | 60% AMI | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | 61 | 60% AMI | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | 65 | 60% AMI | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | 88 | 60% AMI | $1,510,000 |
| ... | ... | ... | ... | ... | ... |
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