Builders Patch | HousingCount Garrett County affordable housing data.

Garrett County

Summary

20.5% share of renter households
49.8% share of low-income households
29.4% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 2,538
Homeowner households 9,854
Total households 12,392

Low-income renter households

Households % share
Extremely low-income ≤30% AMI 278
Very low-income 31-50% AMI 434
Low-income 51-80% AMI 551
All low-income households <80% AMI 1,263

Rent-burdened households

Share of income spent on rent Households % share
Moderately rent-burdened 412 16.2%
30.0–34.9% 196 7.7%
35.0–39.9% 78 3.1%
40.0-49.9% 138 5.4%
Severely rent-burdened 335 13.2%
≥50.0% 335 13.2%
All rent-burdened households 747 29.4%

Affordable housing shortage

Rent vs median household income

Year Median household income ($) Increase (2010–2021)
2010 22,665 40.0%
2021 31,720

Median rent

Year Median rent ($) Increase (2010–2021)
2010 805 -39.1%
2021 490

Affordable housing stock
Supply, demand & shortage

Units Amount
Supply (current stock) 1,037
Demand (total units needed) 608
Shortage -211
Total shortage -211
Supply/demand ratio 170.6%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Zipcode Market Rate Low-income Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A 1 154 $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A 1 99 $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A 0 200 $504,385
HUNTINGTON RESERVE NA 2006 N/A 0 168 $424,046
HOLT + HAMILTON FAMILY APTS New construction 2016 N/A 1 61 $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A 1 65 $659,087
HOMES OF RENAISSANCE PRESERVE II New construction 2012 N/A 0 88 $1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS New construction 2013 N/A 1 39 $674,261
... ... ... ... ... ... ...