# 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...