Builders Patch | HousingCount Martin County affordable housing data.
Martin County
Summary
20.8%
share of renter households
51.8%
share of low-income households
52.3%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households | % share |
|---|---|
| Renter households | 13,752 |
| Homeowner households | 52,356 |
| Total households | 66,108 |
Low-income renter households
| Renter households by income group | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 1,938 | 14.1% |
| Very low-income (31-50% AMI) | 1,879 | 13.7% |
| Low-income (51-80% AMI) | 3,309 | 24.1% |
| All low-income households (<80% AMI) | 7,126 | 51.8% |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 3,327 | 24.2% |
| 30.0–34.9% | 1,164 | 8.5% |
| 35.0–39.9% | 1,040 | 7.6% |
| 40.0-49.9% | 1,123 | 8.2% |
| Severely rent-burdened | 3,867 | 28.1% |
| ≥50.0% | 3,867 | 28.1% |
| All rent-burdened households | 7,194 | 52.3% |
Affordable housing shortage
Rent vs median household income
| Year | Median household income | Amount ($) | Increase (2010–2021) |
|---|---|---|---|
| 2010 | 36,482 | ||
| 2021 | 44,253 | 21.3% |
Median rent
| Year | Median rent | Amount ($) | Increase (2010–2021) |
|---|---|---|---|
| 2010 | 877 | ||
| 2021 | 1,056 | 20.4% |
Affordable housing stock
| Supply (current stock) | Demand (total units needed) | Shortage | Supply/Demand Ratio |
|---|---|---|---|
| 4,835 | 3,306 | 226 | 146.2% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name of Property | Type | Year | Zipcode | Market Rate | Low-income | LIHTC 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 - Acquisition and 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 AVENUE APTS | 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 |
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