# Lake County

### Summary

30.9% share of renter households  
41.5% share of low-income households  
47.0% share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share  |
|--------------------------|----------|
| Renter households         | 8,133    |
| Homeowner households      | 18,174   |
| Total households          | 26,307   |

#### Low-income renter households

| Households                     | % share  |
|--------------------------------|----------|
| Extremely low-income (≤30% AMI)| 1,371    |
| Very low-income (31-50% AMI)   | 623      |
| Low-income (51-80% AMI)       | 1,383    |
| All low-income households (<80% AMI) | 3,377  |

#### Rent-burdened households

| Share of income spent on rent | Households | % share |
|-------------------------------|------------|---------|
| Moderately rent-burdened      | 1,922      | 23.6%   |
| 30.0–34.9%                   | 513        | 6.3%    |
| 35.0–39.9%                   | 732        | 9.0%    |
| 40.0-49.9%                   | 677        | 8.3%    |
| Severely rent-burdened        | 1,901      | 23.4%   |
| ≥50.0%                        | 1,901      | 23.4%   |
| All rent-burdened households   | 3,823      | 47.0%   |

### Affordable housing shortage

#### Rent vs median household income

**Median household income**

| Amount ($)   | Year  |
|--------------|-------|
| 23,243       | 2010  |
| 39,555       | 2021  |
| Increase (2010–2021) | 70.2%  |

**Median rent**

| Amount ($)   | Year  |
|--------------|-------|
| 645          | 2010  |
| 898          | 2021  |
| Increase (2010–2021) | 39.2%  |

#### Affordable housing stock

| Units           | Supply (current stock) | Demand (total units needed) | Shortage | supply/demand ratio |
|------------------|------------------------|------------------------------|----------|--------------------|
|                  | 3,757                  | 1,978                        | -379     | 189.9%             |