Builders Patch | HousingCount Madison County affordable housing data.

Madison County

Summary

24.9% share of renter households
46.9% share of low-income households
35.0% share of rent-burdened households

Renter population data

Renters vs homeowners

Households	% share
Renter households	2,060
Homeowner households	6,220
Total households	8,280
Low-income renter households	N/A

Renter households by income group

Households	% share
Extremely low-income	322
Very low-income	292
Low-income	352
All low-income households	966

Rent-burdened households

Households	% share
Moderately rent-burdened	296
30.0–34.9%	108
35.0–39.9%	106
40.0-49.9%	82
Severely rent-burdened	424
All rent-burdened households	720

Affordable housing shortage

Rent vs median household income

Median household income	Amount ($)
in 2010	19,597
in 2021	28,086
Increase (2010–2021)	43.3%

Median rent	Amount ($)
in 2010	340
in 2021	537
Increase (2010–2021)	57.9%

Affordable housing stock

Units
Supply (current stock)	2,217
Demand (total units needed)	579
Shortage	-891
total shortage	-891
supply/demand ratio	382.9%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name	Type	Year	Zipcode	Income ceiling	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	NA	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