Builders Patch | HousingCount Yancey County affordable housing data.
Yancey County
Summary
23.3%
share of renter households
46.9%
share of low-income households
33.4%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 1,774 |
| Homeowner households | 5,844 |
| Total households | 7,618 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income ≤30% AMI | 216 |
| Very low-income 31-50% AMI | 251 |
| Low-income 51-80% AMI | 365 |
| All low-income households <80% AMI | 832 |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 333 |
| 30.0–34.9% | 83 |
| 35.0–39.9% | 84 |
| 40.0-49.9% | 166 |
| Severely rent-burdened | 260 |
| ≥50.0% | 260 |
| All rent-burdened households | 593 |
Affordable housing shortage
Rent vs median household income
| Median household income | Amount ($) |
|---|---|
| in 2010 | 22,490 |
| in 2021 | 26,528 |
| Increase (2010–2021) | 18.0% |
Median rent
| Median rent | Amount ($) |
|---|---|
| in 2010 | 328 |
| in 2021 | 526 |
| Increase (2010–2021) | 60.4% |
Affordable housing stock
| Units | Amount |
|---|---|
| Supply (current stock) | 1,744 |
| Demand (total units needed) | 408 |
| Shortage | -625 |
| total shortage | -625 |
| supply/demand ratio | 427.5% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
List of states
| Name | Type | Year | Zipcode | Market Rate | Low-income Type | Amount |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 1 | 154 | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 1 | 99 | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | 0 | 200 | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 0 | 168 | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 1 | 61 | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 1 | 65 | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 0 | 88 | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 1 | 39 | $674,261 |
| [More properties omitted for brevity] |
HousingCount
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