Data

Housing Types 

(Source: 2022-2023 Housing Affordability Study)

  • 14,171 Total Units
  • 90% Single Dwelling
  • 1% Two – Nine Units
  • 3% Ten – Forty-Nine Units
  • 6% Fifty or More Units

Housing Choices 

(Source: 2021 ACS 5-Year Estimates)

  • 9 out of 10 housing units are Single Detached or Multi-Dwelling Units
  • 81% Single Dwelling Detached
  • 10% Single Dwelling Attached
  • 0% Two Dwelling (Duplex)
  • 0% Three Dwelling
  • 9% Multi-Dwelling (Apartment or Condo)

Housing Sales and Average Rents 

(Source: 2022-2023 Housing Affordability Study)

  • Average sale price of a home in November 2022 was $545,000
  • Home prices have increased 59% since 2019 and 48% since January 2021.
  • Average Rent in Holly Springs, 2014 – 2022:
    • 2014: $1,380
    • 2015: $1,447
    • 2016: $1,503
    • 2017: $1,526
    • 2018: $1,565
    • 2019: $1,646
    • 2020: $1,711
    • 2021: $1,897
    • 2022: $2,012

Number of Households by Income Bracket, 2010 v. 2020 

(Source: 2022-2023 Housing Affordability Study)

  • Less than $30,000
    • 2010: 786
    • 2020: 689
  • $30,000 to $45,000
    • 2010: 613
    • 2020: 784
  • $45,000 to $60,000
    • 2010: 757
    • 2020: 803
  • $60,000 to $100,000
    • 2010: 2,390
    • 2020: 2,373
  • $100,000 to $150,000
    • 2010: 1,848
    • 2020: 3,190
  • $150,000 and Up
    • 2010: 850
    • 2020: 3,734

Holly Springs Household Incomes and Affordable Rents (Source: 2022-2023 Housing Affordability Study)

AMI Limit Households at or Below AMI Income Affordable Rent
30% 3,400 $33240 $831
50% 6,500 $55,400 $1,385
60% 8,500 $66,480 $1,662
80% 12,500 $88,640 $2,216

Workforce Housing

(Sources: HUD, 2023 and BLS, 2022)

  • Childcare Worker
    • $27,180 average salary
    • 1-Person Household = 34% of AMI
    • 4-Person Household (Single Income) = 24% of AMI
  • School Bus Driver
    • $33,120 average salary
    • 1-Person Household = 42% of AMI
    • 4-Person Household (Single Income) = 29% of AMI
  • Secondary School Teacher
    • $53,390 average salary
    • 1-Person Household = 67% of AMI
    • 4-Person Household (Single Income) = 47% of AMI
  • Police Officer
    • $55,230 average salary
    • 1-Person Household = 70% of AMI
    • 4-Person Household (Single Income) = 49% of AMI
  • Software Developers
    • $127,870 average salary
    • 1-Person Household = 161% of AMI
    • 4-Person Household (Single Income) = 113% of AMI

Cost-Burdened Households 

(Sources: 2021 ACS 5-Year Estimates, 2022-2023 Housing Affordability Study)

  • 35% of renters in Holly Springs are cost-burdened (spend at least 30% of net income on rent)
  • 64% of renter households that make less than $60,000 are cost-burdened
  • Additional Data:
    • 49% of Senior Renters are cost-burdened
    • 29% of Non-Senior Renters are cost-burdened
    • 29% of Senior Owners are cost-burdened
    • 13% of Non-Senior Owners are cost-burdened

Average Rents in Holly Springs, 2014-2022 

  • 2014: $1,380
  • 2015: $1,447
  • 2016: $1,503
  • 2017: $1,526
  • 2018: $1,565
  • 2019: $1,646
  • 2020: $1,711
  • 2021: $1,897
  • 2022: $2,012

Homeownership by Income Level, 2010 and 2020 

(Source: 2022-2023 Housing Affordability Study)

  • Less than $20,000
    • 2010: 63%
    • 2020: 28%
  • $20,000 - $50,000
    • 2010: 87%
    • 2020: 59%
  • $50,000 - $100,000
    • 2010: 84%
    • 2020: 81%
  • $100,000 and Up
    • 2010: 94%
    • 2020: 89%

Holly Springs Renter Supply Gap 

  • Need 460 more units to cover supply gap for renter households making less than $35,000
  • More than 700 households making more than $100,000 are choosing to rent, and are renting units affordable to moderate income groups, putting demand pressure on low income bracket households.

Facts and figures are prepared by Holly Springs Development Services to provide data on housing and housing affordability in the community. Data is sourced from the decennial census, American Community Survey, Central Pines Regional Council, U.S. Department of Housing and Urban Development, and Wake County Register of Deeds, analyzed and formatted by the Town of Holly Springs.