Builders Patch | HousingCount Howard County affordable housing data.

Howard County

Summary

27.1% share of renter households
46.7% share of low-income households
43.1% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 31,948
Homeowner households 86,089
Total households 118,037

Low-income renter households

Renter households by income group

Households % share
Extremely low-income ≤30% AMI 5,480
Very low-income 31-50% AMI 4,626
Low-income 51-80% AMI 4,819
All low-income households <80% AMI 14,925

Rent-burdened households

Share of income spent on rent Households % share
Moderately rent-burdened 6,896 21.6%
30.0–34.9% 3,048 9.5%
35.0–39.9% 1,653 5.2%
40.0-49.9% 2,195 6.9%
Severely rent-burdened 6,874 21.5%
≥50.0% 6,874 21.5%
All rent-burdened households 13,770 43.1%

Affordable housing shortage

Rent vs median household income

Median household income Amount ($)
in 2010 57,254
in 2021 75,119
Increase (2010–2021) 31.2%
Median rent Median rent
in 2010 613
in 2021 1,665
Increase (2010–2021) 171.6%

Affordable housing stock

Supply, demand & shortage Units
Supply (current stock) 3,598
Demand (total units needed) 8,414
Shortage 5,190
Total shortage 5,190
Supply/Demand ratio 42.8%

HUD National Low Income Housing Tax Credit (LIHTC) Database

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