Builders Patch | HousingCount Morgan County affordable housing data.

Morgan County

Summary

18.5% share of renter households
47.2% share of low-income households
35.7% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 1,315
Homeowner households 5,795
Total households 7,110

Low-income renter households

Households % share
Extremely low-income (≤30% AMI) 250
Very low-income (31-50% AMI) 179
Low-income (51-80% AMI) 192
All low-income households (<80% AMI) 621

Rent-burdened households

Share of income spent on rent Households % share
Moderately rent-burdened 304 23.1%
30.0–34.9% 141 10.7%
35.0–39.9% 63 4.8%
40.0-49.9% 100 7.6%
Severely rent-burdened 166 12.6%
≥50.0% 166 12.6%
All rent-burdened households 470 35.7%

Affordable housing shortage

Rent vs median household income

Year Median household income Median rent Increase (2010–2021)
2010 $30,226 $349 -
2021 $35,545 $513 17.6%

Affordable housing stock

Supply (current stock) Demand (total units needed) Shortage Supply/Demand Ratio
1,238 380 -430 325.8%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Zipcode Market Rate Low-income LIHTC Allocation Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A N/A 60% AMI $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A N/A 60% AMI $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A N/A 60% AMI $504,385
HUNTINGTON RESERVE NA 2006 N/A N/A 60% AMI $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A N/A 60% AMI $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A N/A 60% AMI $659,087
HOMES OF RENAISSANCE PRESERVE II New construction 2012 N/A N/A 60% AMI $1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS New construction 2013 N/A N/A 60% AMI $674,261
IMPERIAL GARDENS FAMILY APTS New construction 2009 N/A N/A 60% AMI $1,142,750
HOLLY HEIGHTS I + II APARTMENTS Acquisition and Rehab 2016 N/A N/A 60% AMI $435,816
HILTON SENIOR APTS New construction 2007 N/A N/A 60% AMI $242,084
JEFFERSON AVENUE New construction 2020 N/A N/A 60% AMI $0
INGRAM PRESERVATION Acquisition and Rehab 2005 N/A N/A 60% AMI $390,500
JACOB'S HILL New construction 2006 N/A N/A 60% AMI $1,420,505
HOWARD AVENUE CLUSTER Acquisition and Rehab 2006 N/A N/A 60% AMI $50,769
JACKSON TERRACE Acquisition and Rehab 2006 N/A N/A 60% AMI $1,557,608
JEFFERSON CLUSTER (ATLANTIC AVE) Acquisition and Rehab 2006 N/A N/A 60% AMI $88,403
JEAN C MCKINNEY MANOR New construction 2005 N/A N/A 60% AMI $562,511
HOE ASSOC. LP New construction 2006 N/A N/A 60% AMI $959,988
HOLLYDALE SENIOR APTS New construction 2010 N/A N/A 60% AMI $1,998,601
HORIZONS AT MORGAN HILL New construction 2011 N/A N/A 60% AMI $1,226,243
HOOD STREET FAMILY APTS New construction 2004 N/A N/A 60% AMI $271,938

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