Builders Patch | HousingCount Lake County affordable housing data.
Lake County
Summary
24.7%
share of renter households
51.0%
share of low-income households
52.0%
share of rent-burdened households
Renter population data
Renters vs homeowners
Share of income spent on rent
Households
| Type | Number of Households | % share |
|---|---|---|
| Renter households | 36,850 | 24.7% |
| Homeowner households | 112,605 | 75.3% |
| Total households | 149,455 | 100.0% |
Low-income renter households
Renter households by income group
| Income Group | Number of Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 4,441 | 12.1% |
| Very low-income (31-50% AMI) | 4,299 | 11.7% |
| Low-income (51-80% AMI) | 10,055 | 27.3% |
| All low-income households (<80% AMI) | 18,795 | 51.0% |
Rent-burdened households
Share of income spent on rent
| Burden Level | Number of Households | % share |
|---|---|---|
| Moderately rent-burdened | 11,153 | 30.3% |
| 30.0–34.9% | 3,971 | 10.8% |
| 35.0–39.9% | 3,809 | 10.3% |
| 40.0-49.9% | 3,373 | 9.2% |
| Severely rent-burdened | 7,992 | 21.7% |
| ≥50.0% | 7,992 | 21.7% |
| All rent-burdened households | 19,145 | 52.0% |
Affordable housing shortage
Rent vs median household income
Median household income
| Year | Amount ($) |
|---|---|
| 2010 | 30,368 |
| 2021 | 44,779 |
| Increase (2010–2021) | 47.5% |
Median rent
| Year | Amount ($) |
|---|---|
| 2010 | 811 |
| 2021 | 978 |
| Increase (2010–2021) | 20.6% |
Affordable housing stock
| Supply | Units |
|---|---|
| Supply (current stock) | 793 |
| Demand (total units needed) | 7,773 |
| Shortage | 7,153 |
| Total shortage | 7,153 |
| Supply/Demand ratio | 10.2% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Number of units | Income ceiling | LIHTC allocation | Amount |
|---|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 154 | 60% AMI | $1,804,887 | |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 99 | 60% AMI | $1,378,252 | |
| HILLTOP VILLAGE | New construction - Acquisition | 2012 | N/A | 200 | 60% AMI | $504,385 | |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 168 | 60% AMI | $424,046 | |
| HOLT + HAMILTON FAMILY APTS | New construction | 2016 | N/A | 61 | 60% AMI | $1,557,010 | |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 65 | 60% AMI | $659,087 | |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 88 | 60% AMI | $1,510,000 | |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 39 | 60% AMI | $674,261 | |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | 76 | 60% AMI | $1,142,750 | |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | 41 | 60% AMI | $435,816 | |
| HILTON SENIOR APTS | New construction | 2007 | N/A | 69 | 60% AMI | $242,084 | |
| JEFFERSON AVENUE | New construction | 2020 | N/A | 79 | 60% AMI | $0 | |
| INGRAM PRESERVATION | Acquisition and Rehab | 2005 | N/A | 135 | 60% AMI | $390,500 | |
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