Builders Patch | HousingCount Allegany County affordable housing data.
Allegany County
Summary
31.2% share of renter households
46.5% share of low-income households
41.3% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households |
% share |
| Renter households |
8,611 |
| Homeowner households |
18,952 |
| Total households |
27,563 |
Low-income renter households
| Renter households by income group |
Households |
% share |
| Extremely low-income (≤30% AMI) |
1,318 |
15.3% |
| Very low-income (31-50% AMI) |
1,140 |
13.2% |
| Low-income (51-80% AMI) |
1,548 |
18.0% |
| All low-income households (<80% AMI) |
4,006 |
46.5% |
Rent-burdened households
| Share of income spent on rent |
Households |
% share |
| Moderately rent-burdened |
1,981 |
23.0% |
| 30.0–34.9% |
660 |
7.7% |
| 35.0–39.9% |
346 |
4.0% |
| 40.0-49.9% |
975 |
11.3% |
| Severely rent-burdened |
1,578 |
18.3% |
| ≥50.0% |
1,578 |
18.3% |
| All rent-burdened households |
3,559 |
41.3% |
Affordable housing shortage
Rent vs median household income
| Year |
Median household income |
Median rent |
| 2010 |
$21,370 |
$1,146 |
| 2021 |
$26,808 |
$568 |
| Increase (2010–2021) |
25.4% |
-50.4% |
Affordable housing stock
| Units |
Supply (current stock) |
Demand (total units needed) |
Shortage |
Supply/Demand ratio |
| Total shortage |
974 |
2,210 |
1,440 |
44.1% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name |
Type |
Year |
Zipcode |
Market Rate |
Low-income |
Type |
Amount |
| HIGHBRIDGE OVERLOOK |
New construction |
2014 |
N/A |
1 |
154 |
N/A |
$1,804,887 |
| IRVINGTON FAMILY APTS |
New construction |
2007 |
N/A |
1 |
99 |
N/A |
$1,378,252 |
| HILLTOP VILLAGE |
New construction - Acquisition and Rehab |
2012 |
N/A |
0 |
200 |
N/A |
$504,385 |
| HUNTINGTON RESERVE |
NA |
2006 |
N/A |
0 |
168 |
N/A |
$424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS |
New construction |
2016 |
N/A |
1 |
61 |
N/A |
$1,557,010 |
| INTERVALE GARDENS LLC |
New construction |
2008 |
N/A |
1 |
65 |
N/A |
$659,087 |
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