Car Town Eviction Risk: Moderate , Kannapolis

Well under the midpoint, supply constraint reads 1.2/10. Against the Cabarrus County average of 3.9, this tract reads riskier for landlords by 1.5 points. Severe burden reaches 14%. Those are renters paying half their income or more, and that is where non-payment filings originate.

Against Cabarrus County at 40.9%, 48% of renters here are cost-burdened. On the softer side, state political climate reads 2.3/10.

The filing record is not thin: 1,540 evictions over 16 years of observation. At $1,131 a month, rents run 14% under what the rest of Kannapolis commands.

Filings peaked in 2002 at 18.1% of renter households. In a typical year about 12.8% of renter households face a filing. That is riskier than roughly 70% of the 84,120 US census tracts in this model.

Social vulnerability reads 7.5/10 on the CDC index, a measure of exposure to housing and economic shocks. Statewide the NC average is 4.0, so this tract runs 1.4 points hotter.

Of its three components the household composition measure is the most pressured. Annual rent works out to 26% of average household income of $51,290. 38% of occupied units are renter-occupied.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.