Builders Patch | HousingCount Kent County affordable housing data.

Kent County

Summary

32.0% share of renter households
48.6% share of low-income households
51.7% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 2,654
Homeowner households 5,637
Total households 8,291

Low-income renter households

Renter households by income group

Households % share
Extremely low-income (≤30% AMI) 434
Very low-income (31-50% AMI) 351
Low-income (51-80% AMI) 505
All low-income households (<80% AMI) 1,290

Rent-burdened households

Share of income spent on rent

Households % share
Moderately rent-burdened 718
30.0–34.9% 158
35.0–39.9% 220
40.0-49.9% 340
Severely rent-burdened 655
≥50.0% 655
All rent-burdened households 1,373

Affordable housing shortage

Rent vs median household income

Year Amount ($)
Median household income in 2010 25,502
Median household income in 2021 33,462
Increase (2010–2021) 31.2%
Median rent in 2010 1,302
Median rent in 2021 827
Increase (2010–2021) -36.5%

Affordable housing stock

Units Amount
Supply (current stock) 1,175
Demand (total units needed) 639
Shortage -307
Total shortage 307
Supply/demand ratio 183.9%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Zipcode LIHTC allocation Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A 60% AMI $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A 60% AMI $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A 60% AMI $504,385
HUNTINGTON RESERVE N/A 2006 N/A 60% AMI $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A 60% AMI $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A 60% AMI $659,087
HOMES OF RENAISSANCE PRESERVE II New construction 2012 N/A 60% AMI $1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS New construction 2013 N/A 60% AMI $674,261
IMPERIAL GARDENS FAMILY APTS New construction 2009 N/A 60% AMI $1,142,750