Builders Patch | HousingCount Madison County affordable housing data.
Madison County
Summary
- 28.1% share of renter households
- 43.1% share of low-income households
- 39.1% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 1,812 |
| Homeowner households | 4,629 |
| Total households | 6,441 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income | ≤30% AMI |
| Very low-income | 31-50% AMI |
| Low-income | 51-80% AMI |
| All low-income households | <80% AMI |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 349 |
| 30.0–34.9% | 140 |
| 35.0–39.9% | 25 |
| 40.0-49.9% | 184 |
| Severely rent-burdened | 360 |
| ≥50.0% | 360 |
| All rent-burdened households | 709 |
Affordable housing shortage
Rent vs median household income
Median household income
- Amount ($)
- in 2010: 21,761
- in 2021: 24,354
- Increase (2010–2021): 11.9%
Median rent
- Amount ($)
- in 2010: 785
- in 2021: 548
- Increase (2010–2021): -30.2%
Affordable housing stock
| Supply, demand & shortage | Units |
|---|---|
| Supply (current stock) | 623 |
| Demand (total units needed) | 460 |
| Shortage | -31 |
| Total shortage | 135.4% |
| Supply/Demand ratio |
HUD National Low Income Housing Tax Credit (LIHTC) Database
List of states
| Name | Type | Year | Zipcode | Market Rate | Low-income | Allocation |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | N/A | 154 | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | N/A | 99 | $1,378,252 |
| HILLTOP VILLAGE | New construction - Rehab | 2012 | N/A | N/A | 200 | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | N/A | 168 | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | N/A | 61 | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | N/A | 65 | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | N/A | 88 | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVE APARTMENTS | New construction | 2013 | N/A | N/A | 39 | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | N/A | 76 | $1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | N/A | 41 | $435,816 |
| HILTON SENIOR APTS | New construction | 2007 | N/A | N/A | 69 | $242,084 |
| JEFFERSON AVENUE | New construction | 2020 | N/A | N/A | 79 | $0 |
| INGRAM PRESERVATION | Acquisition and Rehab | 2005 | N/A | N/A | 135 | $390,500 |
| JACOB'S HILL | New construction | 2006 | N/A | N/A | 103 | $1,420,505 |
| HOWARD AVENUE CLUSTER | Acquisition and Rehab | 2006 | N/A | N/A | 5 | $50,769 |
| JACKSON TERRACE | Acquisition and Rehab | 2006 | N/A | N/A | 417 | $1,557,608 |
| JEFFERSON CLUSTER (ATLANTIC AVE) | Acquisition and Rehab | 2006 | N/A | N/A | 12 | $93,887 |