Builders Patch | HousingCount Cherokee County affordable housing data.
Cherokee County
Summary
- 18.2% share of renter households
- 42.7% share of low-income households
- 43.6% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 2,249 |
| Homeowner households | 10,122 |
| Total households | 12,371 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income (≤30% AMI) | 203 |
| Very low-income (31-50% AMI) | 529 |
| Low-income (51-80% AMI) | 228 |
| All low-income households (<80% AMI) | 960 |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 625 | 27.8% |
| 30.0–34.9% | 281 | 12.5% |
| 35.0–39.9% | 94 | 4.2% |
| 40.0-49.9% | 250 | 11.1% |
| Severely rent-burdened | 356 | 15.8% |
| ≥50.0% | 356 | 15.8% |
| All rent-burdened households | 981 | 43.6% |
Affordable housing shortage
Rent vs median household income
| Year | Median household income ($) | Median rent ($) |
|---|---|---|
| 2010 | 23,870 | 428 |
| 2021 | 30,063 | 543 |
- Increase (2010–2021) in median household income: 25.9%
- Increase in median rent (2010–2021): 26.9%
Affordable housing stock
| Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand ratio |
|---|---|---|---|
| 4,312 | 583 | -2,744 | 739.6% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Units | Income ceiling | LIHTC allocation | Amount |
|---|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 154 | 60% AMI | $1,804,887 | |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 99 | 60% AMI | $1,378,252 | |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | 200 | 60% AMI | $504,385 | |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 168 | 60% AMI | $424,046 | |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 61 | 60% AMI | $1,557,010 | |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 65 | 60% AMI | $659,087 | |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 88 | 60% AMI | $1,510,000 | |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 39 | 60% AMI | $674,261 | |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | 76 | 60% AMI | $1,142,750 | |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | 41 | 60% AMI | $435,816 | |
| HILTON SENIOR APTS | New construction | 2007 | N/A | 69 | 60% AMI | $242,084 | |
| *More properties listed here... |