Orange County NC Website
Browse       Search
15 <br /> 1 Slide #13 <br /> Housing Availability in Orange County: <br /> Town of Chapel Hill Study <br /> Staff Compared Survey Results to Housing Analysis From <br /> • Chapel Hill's 2021 "Projected Housing Needs 2020— 2040" Study, as prepared <br /> by Business Street <br /> • Anticipates Growth of 2% in Town Chapel Hill <br /> • Fact Book anticipates linear annual growth rate of 1% throughout Orange <br /> County, except for Mebane, based upon US Census data <br /> Jurisdiction 2017 2040 2017 2024 2040 Annual <br /> Population Population Households Households Households Growth Rate <br /> Chapel Hill 65,529 83,235 20,869 NIA 31,074 2% <br /> Chapel Hill— <br /> Fa Book 70,554 NIA 27,856 NIA 5% <br /> 2 <br /> 3 <br /> 4 Slide #14 <br /> Housing Availability in Orange County: NC <br /> Chamber Foundation Study <br /> Staff Compared Survey Results to Housing Analysis From <br /> • NC Chamber Foundation's 2024"Housing Supply Gap Analysis",as analyzed by Bowen <br /> National Research <br /> • The analysis is statewide but provides a Housing Supply Gap Analysis for each county.For <br /> Orange County,the study identified a 2029 need for <br /> • 7,557 new rental units,4,467 of which need to be"affordable"(defined as<80%of the Area Median Income) <br /> • 6,312 new for-sale home,305 of which need to be"affordable" <br /> • Assuming that all multifamily units and one-third of townhomes units will be rentals,the <br /> recent survey identifies that Orange County is providing: <br /> • 8,726 new rental units <br /> 2,639 new for-sale homes <br /> 752 units are restricted as"affordable" <br /> 5 m <br /> 6 <br /> 7 <br />