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Affordable Housing Task Force Report - 4-3-2001
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Affordable Housing Task Force Report - 4-3-2001
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6/14/2016 11:18:19 AM
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6/14/2016 11:17:59 AM
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BOCC
Date
6/14/2016
Meeting Type
Work Session
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Reports
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5 <br /> Orange $12.37 $14.52 $19.48 14.57% 240% 282% 378% <br /> County <br /> Source: National Low Income Housing Coalition <br /> ➢ In Orange County, a worker earning the Minimum Wage ($5.15 per hour) has to <br /> work 113 hours per week in order to afford to rent a two-bedroom apartment. <br /> Work Hours/Week Necessary at Minimum Wage ($5.15)to Afford <br /> Location One Bedroom FMR Two Bedroom FMR Three Bedroom FMR <br /> North Carolina 67 79 105 <br /> Orange County 96 113 151 <br /> Source: National Low Income Housing Coalition <br /> HOMEOWNERSHIP <br /> Average Sales Price for New and existing homes in 2000 in <br /> unincorporated Orange County <br /> $235,633 <br /> Average Sales Price for new and existing homes in 2000 in the Town of Chapel Hill- <br /> $262,162 <br /> Average New Home Sales Price for Single Family Detached Houses <br /> in the Town of Chapel Hill <br /> $311,255 <br /> - - ;;��:•.- ;-ter' <br /> 'mange County <br /> 5 a P A1 it <br /> ,.*fit 1.111111111111111111;4,` <br /> :Wf _ II1 . <br /> n 1111 <br /> 111111FF io <br /> I <br /> ______ <br /> 50K- $80K-$100K-120K$140K-$160K-$180K-$200K- Y „', -•;1: ,_.:.• <br /> S80K $100K$120K$140K$160K$180K S200K$220K r -+:'- :<.3 <br />
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