Orange County NC Website
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116 <br /> Housing Attainability New housing development in Orange <br /> County has been lower than that of nearby <br /> counties, particularly when it comes to for- <br /> Trends and Conditions sale housing units. Since housing supply <br /> is a noteworthy factor in terms of housing <br /> As of 2023,there were a total of 60,314 affordability,this shortage contributes <br /> housing units within Orange County with to rising housing costs in the county <br /> the majority of these units being located Between 2014 and 2022,the median home <br /> in unincorporated Orange County followed sales price in Orange County increased <br /> by the municipal limits of Chapel Hill. from $267,000 to $439,280 (a change of <br /> Within unincorporated Orange County, 65%).The steepest increase in home sales <br /> only two census tracts—both situated prices occurred between 2020 and 2021, <br /> in the Chapel Hill-Carrboro area—have a coinciding with the COVID-19 pandemic. <br /> housing density greater than one unit per <br /> acre. While home prices have continued to <br /> climb,the median household income has <br /> According to the Connect 2050 not kept pace. From 2014 to 2022,the <br /> Metropolitan Transportation Plan, Orange median household income grew from <br /> County is projected for a much smaller $57,261 to $85,785(a change of 50%)— <br /> population increase (about 30%) in outpaced by the surge in housing costs. <br /> comparison to other counties. Chatham This growing disparity between home <br /> and Johnston County's populations are prices and income is contributing to <br /> expected to double. Durham County's increasing housing unaffordability in the <br /> population is expected to increase by 40%. region. <br /> Wake County's population is expected to <br /> increase by almost 60%. <br /> Population Projections (2020 versus 2050) by County <br /> 2,000,000 <br /> 1,800,000 <br /> 1,600,000 <br /> 1,400,000 <br /> 1,200,000 <br /> 1,000,000 <br /> 800,000 <br /> 600,000 <br /> 400,000 <br /> 200,000 <br /> Chatham County Johnston County Orange County Durham County Wake County <br /> 0 2020 Population 52,213 186,096 148,880 324,784 1,129,865 <br /> 0 2050 Population 104,395 370,215 193,637 463,414 1,780,155 <br /> Percentage Change 99.9% 98.9% 30.1% 42.7% 57.6% <br /> ■2020 Population ■2050 Population Percentage Change <br /> ORANGE COUNTY LAND USE PLAN 2050 113 <br />