# 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      |