As we approach the Open House for the Carrboro Connects Draft Plan on Wednesday, September 22nd, it’s clear that Affordable Housing will be among the top topics in the plan. With that in mind, I thought it would be worthwhile to look back and attempt to analyze the long-term trends of housing construction in Carrboro.
The big take-away: Carrboro produced more multifamily homes between 1985 and 1989 than it did in the next 30 years combined.
Why does this matter? In Carrboro, with land as expensive as it is, having several households share the cost of living on expensive land is a way to allow lower-income residents to form a “density team” that gives them access to high-amenity neighborhoods at a lower price than a larger, more expensive single-family home. If Carrboro is going to approach the question of affordability seriously, the comprehensive plan must make it easier to permit multifamily dwellings throughout the town.
For each of the tables below, read up from the bottom to see how the percentages for single family homes change over time. The top right cell of data in each chart shows what percent of housing in that decade was single-family homes. (For example, in the 1980s, 47.8% of all homes in Carrboro that decade were single-family homes)
In the 1990s, only 2 multifamily homes were built in the first six years of the decade. 70.3% of all homes built in the 1990s were single family homes.
In the 2000s, over 90% of all homes built in Carrboro were single-family homes.
In the 2010s, Shelton Station added 93 multifamily homes in 2018, but the decade still had single-family housing as 79% of all housing built.
Looking at 2015 – 2019 Census data, we can see that the neighborhoods with the highest percentage of single family homes are north of Hillsborough Rd, particularly north of the intersection of Hillsborough Rd and North Greensboro Street. The three dark blue areas in north Carrboro are all 98-99% single family homes. As the median price for a single family home in Carrboro was $408,000 as of August 2021, this means we have significant portions of the town that only have housing available to those earning over $100,000 per year.
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