Orange County NC Website
Browse       Search
8 <br />• Residents of Hillsborough had the lowest median monthly housing <br />costs among the three jurisdictions for owner-occupied units, <br />paying $1,383. Carrboro had the highest monthly housing cost for <br />homeowners of the three jurisdictions at $1,873 per month. Chapel <br />Hill has monthly housing costs of $1,673 per month. <br /> <br />• The median monthly rent in Orange County increased by <br />22.81% between 2000 and 2011, from $684 to $840, <br />respectively. The median monthly housing cost for Chapel Hill in <br />2011 was $1,095; the median monthly housing cost for Carrboro <br />was $885; the median monthly housing cost for Hillsborough was <br />$964. While rents in the past were relatively more affordable in <br />Hillsborough the trend is much higher increases in rent. <br /> <br />• The monthly housing costs for 48.2% of all renter-occupied <br />households in Orange County exceeded 30% of monthly <br />income in 2000, indicating an even higher percentage of <br />renters whose housing is not considered affordable. In 2011, <br />that amount increased to 53.8%, which is a 5.6% increase from <br />2000. <br /> <br />• According to the 2007-2011 American Community Survey (ACS) <br />data, there were 50,837 households in 2011 in Orange County. <br />Based on this data, 14,494 (28.5%) of all households were single <br />person households living alone. <br /> <br /> <br /> <br /> <br />Cost Burdened <br /> <br />• A central housing problem facing many households in Orange <br />County is a lack of affordable housing and many of the County’s <br />lower income households are paying more than 30% (cost <br />burdened) to more than 50% (severely cost burdened) of their total <br />household income on the monthly cost for housing. <br /> <br />• According to the 2007-2011 ACS data, 44.1% of all renter <br />households are cost burdened by 30% or more, and 12.1% of all <br />owner households are cost burdened by 30% or more. In addition, <br />28.4% of all renter households are cost burdened by 50% or more, <br />and 7.7% of all owner households are cost burdened by 50% or <br />more. This means in whole numbers that 7,629 households <br />were cost burdened by 30% to 50%, and 8,751 households <br />were cost burdened by greater than 50%. <br /> 123