DRAFT Morrisville Affordable Housing Plan, September 23, 2019 version

90% 92% 92% 85% 84% 67% 67% 78% 64% 64%

SF Detached

SF Attached DRAFT SEPTEMBER 23, 2019

All Housing Units Owner occupied single-family (detached or attached) as a percentage of all units

67% 64% 81% 43% 45%

Apex

Cary

Holly Springs

Morrisville Raleigh

16,883 63,008 10,425 9,365 194,768 81%

86% 65%

52%

37%

36%

Built 2000+

Age of Housing Stock The vast majority (81%) of Morrisville’s single-family units were built since 2000, a much larger share than nearby Holly Springs (65%) and Apex (52%), and more than twice the share in Cary (37%) and Raleigh (36%). Just 4% of Morrisville’s single-family homes were built prior to 1980 – not unlike in Apex and Holly Springs. Cary and Raleigh both have a much larger percentage of older (pre-1980s) homes.

68% 61%

Single-family Detached

37% 47%

43% 49%

34%

32%

Built 1980 to 1999

15%

Single-family Attached

21% 14%

13% 13% 5%

18%

Built 1960 to 1979 Built 1940 to 1959 Built 1939 or earlier

3% 2% 0% 4% 6% 2% 12% 1% 1 9% 15% 1% 1% 1% 3% 8% 1% 0% 0% 0% 4% 4% 27% 19% 6% 7% 3% 10% 12%

Multifamily, 2-4 Units

Multifamily, 5-19 Units Multifamily, 20+ Units

Homeownership Rate SF Detached % of Homes by Occupied Home Value

Cary 90% 92% 92% 85% 84% 67% 67% 78% 64% 64% Holly Springs Morrisville Raleigh

Apex

SF Attached

Owner-Occupied Home Values Overall, Morrisville’s owner- occupied units breakdown between values much like its peer towns (although significantly differently than nearby Raleigh).

<$100,000

2%

3%

2%

1%

6%

$400,000+

$100,000s

18%

11,638 Owner occupied single-family (detached or attached) as a percentage of all units 36% 16% 18% $200,000s

15%

22% 20%

22%

23%

31%

91,867 67% 64% 81% 43% 45% 4,289 41,558 8,567 14%

37%

26%

19%

28%

30%

25%

36%

25%

26%

$300,000s

Total # of Owner-Occupied Homes in this Municipality

81%

65%

52%

37%

36%

Built 2000+

Year Owners Moved In As another indicator of

Apex

Cary

Holly Springs Morrisville Raleigh

demand, nearly all (94%) of Morrisville’s owner-occupants moved into their current unit since 2000, and nearly half (48%) moved in since 2010. Holly Springs comes closest to matching these percentages, followed by Apex. Both Cary and Raleigh have smaller percentages of recent movers.

% of Owners Moved in 2000+ % of Owners Moved in 2010+ Built 1980 to 1999 Built 1960 to 1979

82% 73% 89% 94% 71% 43% 49%

34%

32%

15%

37% 32% 39% 48% 30%

18%

2% 12% 1% 1%

Built 1940 to 1959 Built 1939 or earlier

1% 1% 1% 3% 8% 1% 0% 0% 0% 4%

Source: 2013-2017 American Community Survey data

Affordable Housing Plan for Morrisville, NC | 2019

33