Nearly 60% of the Triangle housing stock will hit its 30-year life cycle this decade, wherein properties, apartments and single-family homes alike, need significant repair.

This impacts both homeowners and renters. Homeowners will need significant capital to address these repairs, yet more than 60% of low-income homeowners are already cost-burdened by their housing, leading to displacement. For renters, building owners may increase rental costs to recoup the cost of repairs or sell the complex to a new owner, who will still need to make the repairs, and likely raise the rents. Limited housing diversity, aging housing stock, and insufficient new construction create market pressure that drive housing costs up. *Triangle Community Foundation Regional Data Report, May 2025