Builders Patch | HousingCount Madison County affordable housing data.
Madison County
Summary
37.4% share of renter households
42.3% share of low-income households
49.0% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 14,478 |
| Homeowner households | 24,221 |
| Total households | 38,699 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income (≤30% AMI) | 2,120 |
| Very low-income (31-50% AMI) | 2,902 |
| Low-income (51-80% AMI) | 1,096 |
| All low-income households (<80% AMI) | 6,118 |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 3,187 |
| 30.0–34.9% | 1,415 |
| 35.0–39.9% | 602 |
| 40.0-49.9% | 1,170 |
| Severely rent-burdened | 3,902 |
| ≥50.0% | 3,902 |
| All rent-burdened households | 7,089 |
Affordable housing shortage
Rent vs median household income
| Description | Amount ($) |
|---|---|
| Median household income in 2010 | 20,786 |
| Median household income in 2021 | 30,106 |
| Increase (2010–2021) | 44.8% |
| Median rent in 2010 | 429 |
| Median rent in 2021 | 656 |
| Increase (2010–2021) | 52.9% |
Affordable housing stock
| Supply | Amount |
|---|---|
| Supply (current stock) | 694 |
| Demand (total units needed) | 4,087 |
| Shortage | 3,514 |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | No. of Units | Income ceiling | LIHTC allocation | Amount |
|---|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 60% AMI | N/A | $1,804,887 | |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 60% AMI | N/A | $1,378,252 | |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | 60% AMI | N/A | $504,385 | |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 60% AMI | N/A | $424,046 | |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 60% AMI | N/A | $1,557,010 | |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 60% AMI | N/A | $659,087 | |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 60% AMI | N/A | $1,510,000 | |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 60% AMI | N/A | $674,261 | |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | 60% AMI | N/A | $1,142,750 | |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | 60% AMI | N/A | $435,816 | |
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HousingCount
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