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Section V. DRAFT _County Profile (Data) Element Orange County Comprehensive Plan <br />B31Z Table: Availability of Orange Co un Housing by Median Income, Snapshot: Au ist 26 <br />2005 <br />Median Incomes' <br />$ 38,520 <br />$ 42,672 $ 51,360 <br />$ 56,896 <br />$ 64,200 <br />$ 71,120 <br />Single Family Houses on the Market (190 Total Units Available) 3 <br />2002 <br />2003 <br />2004 <br />Affordable Housing4 <br />$124,737 <br />$138,182 $199,579 <br />$210,036 <br />$249,473 <br />$262,546 <br />Homes Available 5 <br />2 <br />2 9 <br />11 <br />21 <br />23 <br />Affordable as a %'of the <br />6,893 <br />7,479 <br />7,628 <br />7,815 <br />Available Housing Market <br />1.1% <br />1.1 % 4.7% <br />5.8% <br />11.1% <br />12.1 <br />Notes and Sources: <br />' Median Incomes: US Census Bureau, 2000 <br />2 Denotes number of persons in household. <br />3 Homes available in Unincorporated Orange County on August 26th, 2005. <br />4 Housing price necessary to be affordabable for the family size shown. ' <br />e One newly constructed home was available that was affordable at or below 110% of median income. <br />Source: Comprehensive Housino Strategy'Draft" April 2006, Orange County Dept. of Housing and Community Devt <br />Market data provided by Triangle MLS <br />03m) Table: Orange County' Apartmene Growth, Vacancy Rates and Average Rents, 1996- <br />2005 <br />Description <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 ' <br />2001' ` <br />2002 <br />2003 <br />2004 <br />2005 <br />Total Units in <br />Market Segment <br />6,136 <br />6,893 <br />7,479 <br />7,628 <br />7,815 <br />8,705 <br />8,822 <br />8,671 <br />8,617 <br />9,249 <br />Percent <br />Increase /Decrease <br />0.0% <br />12.3% <br />8.5% <br />-2.8% <br />7.5% <br />11.4% <br />1.3% <br />-1.7% <br />-6.0% <br />7.3% <br />Vacancy Rate <br />1.8% <br />4.3% <br />5.5% <br />6.4% <br />8.0% <br />8.5% <br />8.5% <br />9.7% <br />9.4% <br />9.3% <br />Average Rent <br />$627 <br />$647 <br />$685 <br />$749 <br />$756 <br />$764 <br />$782 <br />$783 <br />$758 <br />$708 <br />Percent <br />Increase /Decrease <br />0.0% <br />3.2% <br />5.9% <br />9.3% <br />0.9% <br />1.1% <br />2.4% <br />0.1% <br />-3.2% <br />-6.6% <br />Nnfac anA Cnurr,na- <br />' For all of Orange County <br />2 Developments with over 50 units only. <br />Source: Comprehensive Housing Strategy 'Draft" April 2006, Orange County Dept. of Housing and Community Devt <br />Data provided by Chapel Hill Sub Market Summary, Real Data Apartment Market Research <br />83.8 <br />9/6/2007 <br />