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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