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7 <br />Orange <br />Avg. Listing <br />Median Sales <br />County ZIP <br />Price <br />Price <br />Code <br />Week ending <br />Date range: Dec <br />March 24 <br />'09 -Feb' 10 <br />27231 <br />$257,362 <br />$134,500 <br />27510 <br />$258,003 <br />$243,000 <br />27278 <br />$333,747 <br />$159,000 <br />27243 <br />$442,601 <br />$185,000 <br />27516 <br />$442,689 <br />$314,000 <br />27514 <br />$466,650 <br />$300,000 <br />27517 <br />$573,211 <br />$235,000 <br />Average: All <br />ZIPS <br />$396,323 <br />$224,357 <br />Source: Trulia Real Estate Search <br />htip.- Ilwww.trulia.com /home <br />prices/North Carolinal0range County -heat map/ <br />In Chapel Hill and Carrboro, the number of rental units far exceeds the number of <br />units occu pied by homeowners. This is likely attributable to the large population of <br />UNC- Chapel Hill students living in the Chapel Hill and Carrboro areas. Approximately <br />38% of the 49,289 housing units in Orange County are available as rental units, as <br />determined by the 2000 Census. Using 2007 American Community Survey data, <br />HUD determined the 2010 fair market rents (which establish the rent ceiling for the <br />HOME Program and are generally considered to represent rents affordable to <br />moderate - income households) for Orange County to be $542 for an efficiency <br />apartment, $742 for a 1- bedroom, $832 for a 2- bedroom, $1,087 for a 3- bedroom, <br />and $1,172 for a four bedroom unit. CHAS data indicates that, of the County's total <br />occupied rental units, only 26.7% paid rent at a rate of less than 20% of the tenant <br />household's income; 43.3% or renter households paid rent in an amount greater <br />than 35% of the household's income, indicating a high degree of cost burden. In <br />order to ease this burden, additional rental units, affordable to households with low <br />and moderate incomes, are needed. <br />2006 -2008 American Community Survey data reported that 15,318 people in Orange <br />County (14.2 %) had incomes below the poverty level —an increase of 3,576 people <br />since 1990. Based on 2000 Census data, 6.2% of families and 14.1% of the total <br />population in Orange County fell below the poverty line. Of all children under the age <br />of 18, 9.0% lived in poverty while 7.4% of all County residents aged 65 or greater <br />had income below the poverty level. Families living below the poverty level were <br />more common in Chapel Hill and Hillsborough, but Carrboro showed a significantly <br />higher percentage of individuals in poverty compared with all other Orange County <br />municipalities. <br />In addition to housing problems, persons living in poverty often have other social <br />service needs. Many of them lack the basic skills necessary to obtain and hold decent <br />jobs. Some of them are single mothers who need affordable childcare while they <br />seek or maintain jobs. Others need treatment for medical or substance abuse <br />problems. Many of those living below the poverty level are children who would <br />benefit from special programs to address their educational, recreational and self - <br />esteem issues. The sheer number and variety of problems faced by people living in <br />FY 2,010 1 1 5 Coinsolidated Plain <br />