Builders Patch | HousingCount Monterey County affordable housing data.
Monterey County
Summary
- 48.3% share of renter households
- 39.8% share of low-income households
- 53.9% share of rent-burdened households
Renter population data
Renters vs homeowners
| Type | Households | % share |
|---|---|---|
| Renter households | 62,795 | 48.3% |
| Homeowner households | 67,182 | 51.7% |
| Total households | 129,977 | 100.0% |
Low-income renter households
| Household Type | Households | % share |
|---|---|---|
| Extremely low-income (≤30% AMI) | 6,891 | 11.0% |
| Very low-income (31-50% AMI) | 9,070 | 14.4% |
| Low-income (51-80% AMI) | 9,011 | 14.3% |
| All low-income households (<80% AMI) | 24,972 | 39.8% |
Rent-burdened households
| Burden Level | Households | % share |
|---|---|---|
| Moderately rent-burdened | 18,147 | 28.9% |
| 30.0–34.9% | 6,548 | 10.4% |
| 35.0–39.9% | 4,526 | 7.2% |
| 40.0-49.9% | 7,073 | 11.3% |
| Severely rent-burdened | 15,706 | 25.0% |
| ≥50.0% | 15,706 | 25.0% |
| All rent-burdened households | 33,853 | 53.9% |
Affordable housing shortage
Rent vs median household income
| Year | Median Household Income ($) | Median Rent ($) | Increase (%) |
|---|---|---|---|
| 2010 | 43,988 | 1,118 | |
| 2021 | 61,155 | 1,591 | 39.0% |
Affordable housing stock
| Description | Units |
|---|---|
| Supply (current stock) | 759 |
| Demand (total units needed) | 13,971 |
| Shortage | 13,624 |
| Total shortage | 13,624 |
| Supply/Demand ratio | 5.4% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name | Location | Type | Year | Market Rate | Low-income | LIHTC Allocation |
|---|---|---|---|---|---|---|
| HIGHBRIDGE OVERLOOK | 10452 | New construction | 2014 | N/A | 154 | $1,804,887 |
| IRVINGTON FAMILY APTS | 94538 | New construction | 2007 | N/A | 99 | $1,378,252 |
| HILLTOP VILLAGE | 32208 | New construction - Acquisition and Rehab | 2012 | N/A | 200 | $504,385 |
| HUNTINGTON RESERVE | 32773 | N/A | 2006 | N/A | 168 | $424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS | 91768 | New construction | 2016 | N/A | 61 | $1,557,010 |
| INTERVALE GARDENS LLC | 10459 | New construction | 2008 | N/A | 65 | $659,087 |
| HOMES OF RENAISSANCE PRESERVE II | 33905 | New construction | 2012 | N/A | 88 | $1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | 90018 | New construction | 2013 | N/A | 39 | $674,261 |
| IMPERIAL GARDENS FAMILY APTS | 92243 | New construction | 2009 | N/A | 76 | $1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS | 95490 | Acquisition and Rehab | 2016 | N/A | 41 | $435,816 |