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7 <br /> 7 <br /> Median Sales Price <br /> by Orange County Zip Code <br /> Orange Avg. Listing Median Sales <br /> County ZIP Price Price <br /> Week ending Date range: Dec <br /> Code March 24 '09-Feb'10 <br /> 27231 $257,362 $134,500 <br /> 27510 $258,003 $243,000 <br /> 27278 $333,747 $159,000 <br /> 27243 $442,601 $185,000 <br /> 27516 $442,689 $314,000 <br /> 27514 $466,650 $300,000 <br /> 27517 $573,211 $235,000 <br /> Average;All <br /> ZIPS $396,323 $224,357 <br /> Source: Trulia Real Estate Search <br /> httn://Nww,.trulia.com/home or•ices/Nor•th Car•olinal0r•ange_Coumv-heat mao/ <br /> In Chapel Hill and Carrboro, the number of rental units far exceeds the number of <br /> units occupied 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 /> Y 2010-2015 Consolidated Plan 7 <br />