Builders Patch | HousingCount DeSoto County affordable housing data.
DeSoto County
Summary
29.1%
share of renter households
43.9%
share of low-income households
43.9%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 3,558 (29.1%) |
| Homeowner households | 8,649 (70.9%) |
| Total households | 12,207 (100.0%) |
Low-income renter households
| Renter households by income group | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 441 | 12.4% |
| Very low-income (31-50% AMI) | 333 | 9.4% |
| Low-income (51-80% AMI) | 787 | 22.1% |
| All low-income households (<80% AMI) | 1,561 | 43.9% |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 1,072 | 30.1% |
| 30.0–34.9% | 359 | 10.1% |
| 35.0–39.9% | 202 | 5.7% |
| 40.0-49.9% | 511 | 14.4% |
| Severely rent-burdened | 490 | 13.8% |
| ≥50.0% | 490 | 13.8% |
| All rent-burdened households | 1,562 | 43.9% |
Affordable housing shortage
Rent vs median household income
| Median household income | Amount ($) | |
|---|---|---|
| in 2010 | 28,902 | |
| in 2021 | 27,894 | |
| Increase (2010–2021) | -3.5% |
| Median rent | Amount ($) | |
|---|---|---|
| in 2010 | 368 | |
| in 2021 | 651 | |
| Increase (2010–2021) | 76.9% |
| Affordable housing stock | Units |
|---|---|
| Supply (current stock) | 892 |
| Demand (total units needed) | 729 |
| Shortage | 4 |
| total shortage | 4 |
| supply/demand ratio | 122.4% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Construction | Year | Location | Number of units | Income ceiling | LIHTC allocation |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | 10452 | N/A | 60% AMI | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | 94538 | N/A | 60% AMI | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | 32208 | N/A | 60% AMI | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | 32773 | N/A | 60% AMI | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | 91768 | N/A | 60% AMI | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | 10459 | N/A | 60% AMI | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | 33905 | N/A | 60% AMI | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | 90018 | N/A | 60% AMI | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | 92243 | N/A | 60% AMI | $1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | 95490 | N/A | 60% AMI | $435,816 |