# Caroline County

### Summary

- **27.9%** share of renter households
- **44.3%** share of low-income households
- **48.3%** share of rent-burdened households

### Renter population data

**Renters vs homeowners**

| Households              | % share  |
|------------------------|----------|
| Renter households      | 3,342    | 27.9%    |
| Homeowner households    | 8,621    | 72.1%    |
| Total households        | 11,963   | 100.0%   |

**Low-income renter households**

**Renter households by income group**

| Households        | % share  |
|------------------|----------|
| Extremely low-income (≤30% AMI)      | 535      | 16.0%    |
| Very low-income (31-50% AMI)      | 289      | 8.6%     |
| Low-income (51-80% AMI)      | 655      | 19.6%    |
| All low-income households (<80% AMI) | 1,479    | 44.3%    |

**Rent-burdened households**

| Share of income spent on rent | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 951        | 28.5%    |
| 30.0–34.9%                    | 344        | 10.3%    |
| 35.0–39.9%                    | 192        | 5.7%     |
| 40.0-49.9%                    | 415        | 12.4%    |
| Severely rent-burdened        | 662        | 19.8%    |
| ≥50.0%                        | 662        | 19.8%    |
| All rent-burdened households  | 1,613      | 48.3%    |

### Affordable housing shortage

**Rent vs median household income**

|                              | Amount ($)   |
|------------------------------|---------------|
| Median household income (2010) | 32,888        |
| Median household income (2021) | 38,449        |
| Increase (2010–2021)         | 16.9%         |

**Median rent**

|                             | Amount ($)  |
|-----------------------------|--------------|
| Median rent (2010)         | 776          |
| Median rent (2021)         | 775          |
| Increase (2010–2021)       | -0.1%        |

**Affordable housing stock**

| Description                 | Units   |
|-----------------------------|---------|
| Supply (current stock)      | 4,307   |
| Demand (total units needed) | 798     |
| Shortage                    | -2,050  |
| Total shortage               | -2,050  |
| Supply/demand ratio         | 539.7%  |

### HUD National Low Income Housing Tax Credit (LIHTC) Database

| Name                                      | Type                                  | Year | Zipcode | Occupancy | Income ceiling | LIHTC allocation | Amount  |
|-------------------------------------------|---------------------------------------|------|---------|-----------|----------------|------------------|---------|
| HIGHBRIDGE OVERLOOK                       | New construction                      | 2014 | N/A     | N/A       | 60% AMI       | $1,804,887      |
| IRVINGTON FAMILY APTS                     | New construction                      | 2007 | N/A     | N/A       | 60% AMI       | $1,378,252      |
| HILLTOP VILLAGE                           | New construction - Acquisition and Rehab | 2012 | N/A     | N/A       | 60% AMI       | $504,385        |
| HUNTINGTON RESERVE                         | NA                                    | 2006 | N/A     | N/A       | 60% AMI       | $424,046        |
| HOLT + HAMILTON FAMILY APARTMENTS         | New construction                      | 2016 | N/A     | N/A       | 60% AMI       | $1,557,010      |
| INTERVALE GARDENS LLC                     | New construction                      | 2008 | N/A     | N/A       | 60% AMI       | $659,087        |
| ...                                       | ...                                   | ...  | ...     | ...       | ...           | ...              | ...     |

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