HomeMy WebLinkAbout2024 Housing Profile - New Hanover Countyof New Hanover County
are cost-burdened. 35%
33,514 households
Families that spend more than 30% are considered cost-burdened, more than 50% are considered severely cost-burdened.
Renters who have
difficulty affording
their homes:53%
20,130 households
Homeowners who
have difficulty
affording their homes:13,384 households
23%
Average Annual Salaries When Housing Costs Too Much
When housing costs become too much, a family can lose
their home. This takes an incredible toll not only on a
family, but also on the entire community.
216
1.61%
families faced a
foreclosure this
year...
of all cost-
burdened
homeowners.
14.99%
families faced an
eviction filing this
year...
of all cost-
burdened
renters.
3,018
*Fair Market Rents, regularly published by HUD, represent the cost to
rent a moderately-priced dwelling unit in the local housing market. The
above FMR is for a two-bedroom unit. Visit nchousing.org/county-
fact-sheets for complete annual salary data.
An income of $60,600 per year is
needed to afford the Fair Market Rent.
for evictions among
renter households.
Ranks #38
(1 = highest and 100 = lowest)
The 2024 Housing Need in New Hanover County
The mission of the North Carolina Housing Coalition is to lead a movement to ensure
that every North Carolinian has a home in which to live in dignity and opportunity.
Join the movement: @NCHConline | nchousing.org
Scan the QR code
for a complete look
at this year’s data
$29.13 hour
Housing Wage:
The hourly wage needed
to afford a Fair Market
Rent apartment.
$1,515
monthly
Fair Market Rent*:
A FMR
increase of
20%
in the
last year
A FMR
increase of
51%
in the last
five years
$22,410
Childcare
$48,150
Elementary Teacher
$30,210
Firefighter