# Davidson County

## Summary

27.8%  
share of renter households

50.3%  
share of low-income households

44.5%  
share of rent-burdened households

## Renter population data

### Renters vs homeowners

| Household Type         | Households | % share  |
|------------------------|------------|----------|
| Renter households      | 18,620     | 27.8%    |
| Homeowner households   | 48,366     | 72.2%    |
| **Total households**   | **66,986** | **100.0%** |

### Low-income renter households

| Income Group                      | Households | % share  |
|-----------------------------------|------------|----------|
| Extremely low-income (≤30% AMI)   | 1,952      | 10.5%    |
| Very low-income (31-50% AMI)      | 2,751      | 14.8%    |
| Low-income (51-80% AMI)           | 4,664      | 25.0%    |
| **All low-income households (<80% AMI)** | **9,367** | **50.3%** |

### Rent-burdened households

| Rent Burden Level             | Households | % share  |
|-------------------------------|------------|----------|
| Moderately rent-burdened      | 4,953      | 26.6%    |
| 30.0–34.9%                    | 2,019      | 10.8%    |
| 35.0–39.9%                    | 1,776      | 9.5%     |
| 40.0-49.9%                    | 1,158      | 6.2%     |
| Severely rent-burdened        | 3,335      | 17.9%    |
| ≥50.0%                         | 3,335      | 17.9%    |
| **All rent-burdened households**| **8,288**  | **44.5%** |

## Affordable housing shortage

### Rent vs median household income

| Year | Median Household Income | Median Rent | Increase (%) |
|------|------------------------|-------------|----------------|
| 2010 | 26,601                 | 533         | 22.0%          |
| 2021 | 32,442                 | 551         | 3.4%           |

### Affordable housing stock

| Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand Ratio |
|------------------------|-----------------------------|----------|---------------------|
| 822                    | 3,829                       | 3,237    | 21.5%              |

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

| Name                                  | Type                     | Year | Market Rate | Low-income | Income Ceiling | LIHTC Allocation | 
|---------------------------------------|--------------------------|------|-------------|------------|----------------|-----------------|
| 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                    | New construction         | 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        |