DRAFT Morrisville Affordable Housing Plan, September 23, 2019 version

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DRAFT SEPTEMBER 23, 2019

PART 1 | The Regional Market

Low-cost rental units are disproportionately found on the fringes of the region, likely due to the availability of mobile homes as rental units, and in Durham, which has both public housing units and some low-demand neighborhoods with affordable units in the hands of the private sector. Western Wake County has far less than its fair share of these affordable units. Rents this low are about half of what would be required to cover the costs of new construction, which means outside of public housing units or other deeply subsidized units, these low-cost rentals are some combination of older, lower quality, and in less desirable locations. The areas with less than their fair share—notably western Wake County— feature a high percentage of recently built units and are desirable due to their central location. There is little discernible pattern for the distribution of rental units at and below the regional median of $980. They can disproportionately be found in the cities of Durham and Raleigh, and are generally less likely to be found north and south of the Triangle itself in the southern reaches of Orange and Chatham Counties and the northern reaches of Durham, Orange, and Person Counties. REGIONAL FAIR SHARE OF RENTAL PRICES

Fair Share of Gross Rent by ZIP Code Across the Region

Places with LESS than their Fair Share

Places with a Fair Share

Places with MORE than their Fair Share

2.00+

0.00 - 0.49 0.50 - 0.74

0.75 - 1.24 1.25 - 1.99

Gross Rent <$650/mo.

Rougemont

Hillsborough

Mebane

Durham

Wake Forest

Carrboro

Chapel Hill

Morrisville

Raleigh

Cary

Pittsboro

Apex

Garner

Fuquay Varina

Gross Rent $650 - $999/mo.