Oak Island Eviction Risk: Lower

Average gross rent is $2,077, 55% above the Oak Island average. The voucher gap is 62.0%: households holding assistance that local rents will not absorb, which surfaces as churn rather than arrears.

The severe-burden share is 32%, and it is the single best predictor in this model of a filing that actually reaches judgment. On the high side, rent-regulation exposure reads 9.1/10.

Running cool, economic stress reads 1.9/10. 46% of renter households cross the 30%-of-income line, above the Brunswick County average of 40.6%.

Housing insecurity runs 5.7% against 14.2% nationally. Inability to pay a utility bill runs 4.0% against 9.2% nationally. Utility arrears usually lead rent arrears by a month or two.

That is riskier than roughly 27% of the 84,120 US census tracts in this model. At 14% renter-occupied this is predominantly owner territory, and comps have to be drawn from further out.

On the CDC Social Vulnerability Index the tract reads 2/10, which tracks how hard a shock lands on the households already here. Of its three components the housing type and transport measure is the least pressured. It tracks the Brunswick County average of 3.8 closely.

Annual rent works out to 30% of average household income of $84,045.

Tract-level figures come from the ACS 5-year release and are rebuilt whenever that, the court-record feed, or the statutory ledger behind the score changes.