# 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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