If there’s a silver lining attached to the dark cloud of the housing shortage, it might be that the crisis didn’t sneak up on Burke County the way it has other communities.
Facing a housing crisis in Burke County, nonprofits like Habitat and Open Hearts Place are aiding families in homeownership, while government agencies like Morganton Housing Authority offer rent-controlled apartments. These efforts are crucial, given the staggering rental costs that burden low-income residents.Â
With the housing shortage headed for crisis levels, Burke County and the City of Morganton are taking measures to address problems stymying would-be land developers.
Factors contributing to the crisis include escalating housing costs, limited inventory, high construction expenses, and inadequate utility infrastructure for new developments. Local governments are working to promote housing development, but the complexity of the situation presents difficulties in finding easy solutions.
The American Dream is rooted in the idea that, with hard work, everyone can succeed. What success looks like is different for everyone, but a foundational benchmark has long been owning a home.
Todd Carswell and his wife, Camille, have a well-rounded education in the current housing market: They’ve been sellers, renters, and buyers, all in the span of a year.
Two years into a project to turn an old junior high school in downtown Morganton into a 41-unit apartment complex, developer Dante Broadway isn’t sure he’d do it all over again.
The median price of a residential home in Burke County fluctuates frequently and, like many elements in our local economy, varies from source to source.
There are currently 167 real estate agents working in Burke County, according to the Burke Board of Realtors. There are approximately 128 homes for sale and an estimated 300 buyers in the market.
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