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WARREN & ASSOCIATES <br />Graph 7 compares 2009 housing unit tenure in the Planning area to Cabarrus County and the <br />Charlotte MSA. Owner - occupied units account for 87.8% of all housing units in the Planning <br />Area, higher than 68.4% for Cabarrus County and 61.9% for the Charlotte MSA. The 7.1 %share <br />of renter - occupied units is much less than the Charlotte MSA. The extremely limited stock of <br />multi - family units in the Planning Area indicates that renter - occupied units are primarily <br />investor -owned single - family properties. The Planning Area has a stabilized vacancy rate of <br />5.1 %, less than 8.1% in Cabarrus County and 8.5% in the Charlotte MSA. <br />March 2010 APPENDIX D: HALUP MARKET ANALYSIS 16 <br />AUGUST 2010 <br />Attachment number 2 <br />G -1 Page 425 <br />