# 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   | 23.3%   |
| Homeowner households     | 5,844   | 76.7%   |
| Total households         | 7,618   | 100.0%  |

#### Low-income renter households

| Households                             | % share |
|----------------------------------------|---------|
| Extremely low-income ≤30% AMI         | 216     | 12.2%   |
| Very low-income 31-50% AMI            | 251     | 14.1%   |
| Low-income 51-80% AMI                 | 365     | 20.6%   |
| All low-income households <80% AMI     | 832     | 46.9%   |

#### Rent-burdened households

| Households                             | % share |
|----------------------------------------|---------|
| Moderately rent-burdened               | 333     | 18.8%   |
| 30.0–34.9%                            | 83      | 4.7%    |
| 35.0–39.9%                            | 84      | 4.7%    |
| 40.0-49.9%                            | 166     | 9.4%    |
| Severely rent-burdened                 | 260     | 14.7%   |
| ≥50.0%                                | 260     | 14.7%   |
| All rent-burdened households          | 593     | 33.4%   |

### 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] |                                       |      |         |             |                  |               |

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