Builders Patch | HousingCount Martin County affordable housing data.
Martin County
Summary
33.1% share of renter households
49.2% share of low-income households
40.0% share of rent-burdened households
Renter population data
Renters vs homeowners
| Household Type | Households | % share |
|---|---|---|
| Renter households | 3,065 | 33.1% |
| Homeowner households | 6,197 | 66.9% |
| Total households | 9,262 | 100.0% |
Low-income renter households
Renter households by income group
| Income Group | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 465 | 15.2% |
| Very low-income (31-50% AMI) | 427 | 13.9% |
| Low-income (51-80% AMI) | 617 | 20.1% |
| All low-income households (<80% AMI) | 1,509 | 49.2% |
Rent-burdened households
Share of income spent on rent
| Burden Type | Households | % share |
|---|---|---|
| Moderately rent-burdened | 703 | 22.9% |
| 30.0–34.9% | 202 | 6.6% |
| 35.0–39.9% | 148 | 4.8% |
| 40.0-49.9% | 353 | 11.5% |
| Severely rent-burdened | 523 | 17.1% |
| ≥50.0% | 523 | 17.1% |
| All rent-burdened households | 1,226 | 40.0% |
Affordable housing shortage
Rent vs median household income
| Year | Median Household Income ($) | Median Rent ($) | Increase (%) |
|---|---|---|---|
| 2010 | 16,208 | 698 | -29.9% |
| 2021 | 32,281 | 489 | 99.2% |
Affordable housing stock
| Units | Amount |
|---|---|
| Supply (current stock) | 1,173 |
| Demand (total units needed) | 771 |
| Shortage | 82 |
| Total shortage | 82 |
| Supply/Demand Ratio | 152.1% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Units | Income Ceiling | LIHTC Allocation | Amount ($) |
|---|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 1 | 60% AMI | $1,804,887 | |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 1 | 60% AMI | $1,378,252 | |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | 0 | 60% AMI | $504,385 | |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 0 | 60% AMI | $424,046 | |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 1 | 60% AMI | $1,557,010 | |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 1 | 60% AMI | $659,087 | |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 0 | 60% AMI | $1,510,000 | |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 1 | 60% AMI | $674,261 | |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | 1 | 60% AMI | $1,142,750 | |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | 1 | 60% AMI | $435,816 | |
| HILTON SENIOR APTS | New construction | 2007 | N/A | 0 | 60% AMI | $242,084 | |
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