Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

North Carolina

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom
North Carolina	577,633	$ 403	$ 462	$ 542	$ 728	$ 832	$ 46,317	$ 31,573	$ 18,498	$ 21,685	40%	47%	59%	69%	31%	37%	$ 8.89	$ 10.43	173%	202%	69	81	North Carolina
METRO AREA																							METRO AREA
Asheville, NC	22,451	$ 300	$ 363	$ 473	$ 616	$ 665	$ 40,500	$ 27,876	$ 14,520	$ 18,920	36%	47%	52%	68%	28%	35%	$ 6.98	$ 9.10	136%	177%	54	71	Asheville, NC
Charlotte-Gastonia-Rock Hill, NC-SC	146,092	$ 426	$ 480	$ 540	$ 712	$ 853	$ 49,600	$ 33,753	$ 19,200	$ 21,600	39%	44%	57%	64%	31%	34%	$ 9.23	$ 10.38	179%	202%	72	81	Charlotte-Gastonia-Rock Hill, NC-SC
Fayetteville, NC	38,699	$ 367	$ 417	$ 467	$ 646	$ 769	$ 35,800	$ 26,200	$ 16,680	$ 18,680	47%	52%	64%	71%	34%	38%	$ 8.02	$ 8.98	156%	174%	62	70	Fayetteville, NC
Goldsboro, NC	13,749	$ 300	$ 346	$ 421	$ 541	$ 632	$ 36,900	$ 25,100	$ 13,840	$ 16,840	38%	46%	55%	67%	30%	35%	$ 6.65	$ 8.10	129%	157%	52	63	Goldsboro, NC
Greensboro--Winston-Salem--High Point, NC	133,683	$ 397	$ 452	$ 539	$ 743	$ 756	$ 45,500	$ 30,472	$ 18,080	$ 21,560	40%	47%	59%	71%	32%	37%	$ 8.69	$ 10.37	169%	201%	68	81	Greensboro--Winston-Salem--High Point, NC
Greenville, NC	16,975	$ 392	$ 397	$ 515	$ 694	$ 849	$ 40,000	$ 25,500	$ 15,880	$ 20,600	40%	52%	62%	81%	33%	41%	$ 7.63	$ 9.90	148%	192%	59	77	Greenville, NC
Hickory-Morganton, NC	28,435	$ 379	$ 413	$ 479	$ 603	$ 716	$ 41,200	$ 29,537	$ 16,520	$ 19,160	40%	47%	56%	65%	30%	34%	$ 7.94	$ 9.21	154%	179%	62	72	Hickory-Morganton, NC
Jacksonville, NC	18,827	$ 342	$ 399	$ 451	$ 626	$ 740	$ 32,100	$ 25,900	$ 15,960	$ 18,040	50%	56%	62%	70%	33%	37%	$ 7.67	$ 8.67	149%	168%	60	67	Jacksonville, NC
Raleigh-Durham-Chapel Hill, NC	131,201	$ 444	$ 539	$ 633	$ 849	$ 1,001	$ 54,700	$ 36,500	$ 21,600	$ 25,300	39%	46%	59%	69%	32%	37%	$ 10.38	$ 12.16	202%	236%	81	94	Raleigh-Durham-Chapel Hill, NC
Rocky Mount, NC	18,105	$ 320	$ 346	$ 421	$ 557	$ 614	$ 39,200	$ 26,800	$ 13,800	$ 16,800	35%	43%	51%	63%	27%	33%	$ 6.63	$ 8.08	129%	157%	52	63	Rocky Mount, NC
Wilmington, NC	21,657	$ 438	$ 482	$ 590	$ 807	$ 962	$ 41,300	$ 28,000	$ 19,300	$ 23,600	47%	57%	69%	84%	37%	43%	$ 9.28	$ 11.35	180%	220%	72	88	Wilmington, NC

County Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
County	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	County
Alamance County	Greensboro--Winsto	11,950	$ 45,500	$ 32,000	$ 18,080	$ 21,560	40%	47%	57%	67%	30%	35%	Alamance County
Alexander County	Hickory-Morganton,	1,824	$ 41,200	$ 25,900	$ 16,520	$ 19,160	40%	47%	64%	74%	34%	39%	Alexander County
Brunswick County	Wilmington, NC	3,711	$ 41,300	$ 30,000	$ 19,280	$ 23,600	47%	57%	64%	79%	34%	41%	Brunswick County
Buncombe County	Asheville, NC	21,013	$ 40,500	$ 28,100	$ 14,520	$ 18,920	36%	47%	52%	67%	28%	35%	Buncombe County
Burke County	Hickory-Morganton,	7,342	$ 41,200	$ 31,000	$ 16,520	$ 19,160	40%	47%	53%	62%	28%	33%	Burke County
Cabarrus County	Charlotte-Gastonia	9,881	$ 49,600	$ 32,800	$ 19,200	$ 21,600	39%	44%	59%	66%	31%	35%	Cabarrus County
Caldwell County	Hickory-Morganton,	6,855	$ 41,200	$ 28,100	$ 16,520	$ 19,160	40%	47%	59%	68%	31%	37%	Caldwell County
Catawba County	Hickory-Morganton,	12,414	$ 41,200	$ 30,000	$ 16,520	$ 19,160	40%	47%	55%	64%	30%	34%	Catawba County
Chatham County	Raleigh-Durham-Cha	3,504	$ 54,700	$ 37,000	$ 21,560	$ 25,320	39%	46%	58%	68%	31%	37%	Chatham County
Cumberland County	Fayetteville, NC	38,699	$ 35,800	$ 26,200	$ 16,680	$ 18,680	47%	52%	64%	71%	34%	38%	Cumberland County
Currituck County	Norfolk-Virginia B	991	$ 44,600	$ 35,700	$ 19,120	$ 22,640	43%	51%	54%	63%	28%	33%	Currituck County
Davidson County	Greensboro--Winsto	12,898	$ 45,500	$ 30,000	$ 18,080	$ 21,560	40%	47%	60%	72%	32%	38%	Davidson County
Davie County	Greensboro--Winsto	1,930	$ 45,500	$ 29,100	$ 18,080	$ 21,560	40%	47%	62%	74%	33%	39%	Davie County
Durham County	Raleigh-Durham-Cha	34,004	$ 54,700	$ 38,800	$ 21,560	$ 25,320	39%	46%	56%	65%	30%	34%	Durham County
Edgecombe County	Rocky Mount, NC	7,762	$ 39,200	$ 25,900	$ 13,840	$ 16,840	35%	43%	53%	65%	28%	34%	Edgecombe County
Forsyth County	Greensboro--Winsto	39,234	$ 45,500	$ 28,700	$ 18,080	$ 21,560	40%	47%	63%	75%	33%	39%	Forsyth County
Franklin County	Raleigh-Durham-Cha	3,310	$ 54,700	$ 33,400	$ 21,560	$ 25,320	39%	46%	65%	76%	34%	39%	Franklin County
Gaston County	Charlotte-Gastonia	20,062	$ 49,600	$ 34,600	$ 19,200	$ 21,600	39%	44%	55%	62%	30%	33%	Gaston County
Guilford County	Greensboro--Winsto	53,252	$ 45,500	$ 31,800	$ 18,080	$ 21,560	40%	47%	57%	68%	31%	35%	Guilford County
Johnston County	Raleigh-Durham-Cha	9,487	$ 54,700	$ 33,500	$ 21,560	$ 25,320	39%	46%	64%	76%	34%	39%	Johnston County
Lincoln County	Charlotte-Gastonia	3,955	$ 49,600	$ 30,100	$ 19,200	$ 21,600	39%	44%	64%	72%	34%	38%	Lincoln County
Madison County	Asheville, NC	1,438	$ 40,500	$ 24,600	$ 14,520	$ 18,920	36%	47%	59%	77%	31%	40%	Madison County
Mecklenburg County	Charlotte-Gastonia	80,656	$ 49,600	$ 34,100	$ 19,200	$ 21,600	39%	44%	56%	63%	30%	33%	Mecklenburg County
Nash County	Rocky Mount, NC	10,343	$ 39,200	$ 27,400	$ 13,840	$ 16,840	35%	43%	51%	61%	27%	33%	Nash County
New Hanover County	Wilmington, NC	17,946	$ 41,300	$ 27,600	$ 19,280	$ 23,600	47%	57%	70%	86%	37%	44%	New Hanover County
Onslow County	Jacksonville, NC	18,827	$ 32,100	$ 25,900	$ 15,960	$ 18,040	50%	56%	62%	70%	33%	37%	Onslow County
Orange County	Raleigh-Durham-Cha	16,161	$ 54,700	$ 35,800	$ 21,560	$ 25,320	39%	46%	60%	71%	32%	37%	Orange County
Pitt County	Greenville, NC	16,975	$ 40,000	$ 25,500	$ 15,880	$ 20,600	40%	52%	62%	81%	33%	41%	Pitt County
Randolph County	Greensboro--Winsto	9,459	$ 45,500	$ 29,800	$ 18,080	$ 21,560	40%	47%	61%	72%	32%	38%	Randolph County
Rowan County	Charlotte-Gastonia	11,236	$ 49,600	$ 34,400	$ 19,200	$ 21,600	39%	44%	56%	63%	30%	33%	Rowan County
Stokes County	Greensboro--Winsto	2,687	$ 45,500	$ 30,000	$ 18,080	$ 21,560	40%	47%	60%	72%	32%	38%	Stokes County
Union County	Charlotte-Gastonia	7,070	$ 49,600	$ 31,900	$ 19,200	$ 21,600	39%	44%	60%	68%	32%	35%	Union County
Wake County	Raleigh-Durham-Cha	64,735	$ 54,700	$ 36,100	$ 21,560	$ 25,320	39%	46%	60%	70%	32%	37%	Wake County
Wayne County	Goldsboro, NC	13,749	$ 36,900	$ 25,100	$ 13,840	$ 16,840	38%	46%	55%	67%	30%	35%	Wayne County
Yadkin County	Greensboro--Winsto	2,273	$ 45,500	$ 29,100	$ 18,080	$ 21,560	40%	47%	62%	74%	33%	39%	Yadkin County

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.

NOTES:

FMR = Fair Market Rent
AMI = Area Median Income, determined by HUD
HUD = Department of Housing and Urban Development
EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income
Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs.
% Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent.
Wage calculations are based on a 40 hour week for 52 weeks per year.
The federal minimum wage is $5.15/hour.
Rows are shaded for navigational purposes only.

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