Builders Patch | HousingCount McDowell County affordable housing data.
McDowell County
Summary
26.4%
share of renter households
47.8%
share of low-income households
26.6%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Type | Households | % share |
|---|---|---|
| Renter households | 4,813 | 26.4% |
| Homeowner households | 13,396 | 73.6% |
| Total households | 18,209 | 100.0% |
Low-income renter households
| Income Group | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 725 | 15.1% |
| Very low-income (31-50% AMI) | 378 | 7.9% |
| Low-income (51-80% AMI) | 1,197 | 24.9% |
| All low-income households (<80% AMI) | 2,300 | 47.8% |
Rent-burdened households
| Share of income spent on rent | Households | % share |
|---|---|---|
| Moderately rent-burdened | 754 | 15.7% |
| 30.0–34.9% | 372 | 7.7% |
| 35.0–39.9% | 172 | 3.6% |
| 40.0-49.9% | 210 | 4.4% |
| Severely rent-burdened | 525 | 10.9% |
| ≥50.0% | 525 | 10.9% |
| All rent-burdened households | 1,279 | 26.6% |
Affordable housing shortage
| Category | Amount ($) | Year |
|---|---|---|
| Median household income | 21,670 | 2010 |
| Median household income | 33,957 | 2021 |
| Increase (2010–2021) | 56.7% | |
| Median rent | 491 | 2010 |
| Median rent | 485 | 2021 |
| Increase (2010–2021) | -1.2% |
Affordable housing stock
| Category | Units |
|---|---|
| Supply (current stock) | 1,736 |
| Demand (total units needed) | 984 |
| Total shortage | 7 |
| Supply/Demand ratio | 176.4% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Type | Year | Zipcode | Low-income | Amount |
|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | New construction | 2014 | N/A | 60% AMI | $1,804,887 |
| IRVINGTON FAMILY APTS | New construction | 2007 | N/A | 60% AMI | $1,378,252 |
| HILLTOP VILLAGE | New construction - Acquisition and Rehab | 2012 | N/A | 60% AMI | $504,385 |
| HUNTINGTON RESERVE | NA | 2006 | N/A | 60% AMI | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | New construction | 2016 | N/A | 60% AMI | $1,557,010 |
| INTERVALE GARDENS LLC | New construction | 2008 | N/A | 60% AMI | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | New construction | 2012 | N/A | 60% AMI | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction | 2013 | N/A | 60% AMI | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | New construction | 2009 | N/A | 60% AMI | $1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS | Acquisition and Rehab | 2016 | N/A | 60% AMI | $435,816 |
| HILTON SENIOR APTS | New construction | 2007 | N/A | 60% AMI | $242,084 |
| JEFFERSON AVENUE | New construction | 2020 | N/A | 60% AMI | $0 |