Builders Patch | HousingCount Otsego County affordable housing data.

Otsego County

Summary

26.2%
share of renter households

44.1%
share of low-income households

40.5%
share of rent-burdened households

Renter population data

Renters vs homeowners

Households	% share
Renter households	5,880
Homeowner households	16,568
Total households	22,448

Low-income renter households

Households	% share
Extremely low-income	≤30% AMI
Very low-income	31-50% AMI
Low-income	51-80% AMI
All low-income households	<80% AMI

Rent-burdened households

Households	% share
Moderately rent-burdened	1,206
30.0–34.9%	298
35.0–39.9%	299
40.0-49.9%	609
Severely rent-burdened	1,175
≥50.0%	1,175
All rent-burdened households	2,381

Affordable housing shortage

Rent vs median household income

Measure	Amount ($)
Median household income (2010)	23,506
Median household income (2021)	39,106
Increase (2010–2021)	66.4%
Median rent (2010)	1,092
Median rent (2021)	718
Increase (2010–2021)	-34.2%

Affordable housing stock

Measure	Units
Supply (current stock)	7,349
Demand (total units needed)	1,498
Shortage	-5,131
Total shortage	-5,131
Supply/demand ratio	490.6%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name	Type	Year	Zipcode	Income ceiling	LIHTC allocation
HIGHBRIDGE OVERLOOK	New construction	2014	N/A	N/A	$1,804,887
IRVINGTON FAMILY APTS	New construction	2007	N/A	N/A	$1,378,252
HILLTOP VILLAGE	New construction - Acquisition and Rehab	2012	N/A	N/A	$504,385
HUNTINGTON RESERVE	NA	2006	N/A	N/A	$424,046
HOLT + HAMILTON FAMILY APARTMENTS	New construction	2016	N/A	N/A	$1,557,010
INTERVALE GARDENS LLC	New construction	2008	N/A	N/A	$659,087
HOMES OF RENAISSANCE PRESERVE II	New construction	2012	N/A	N/A	$1,510,000
JEFFERSON BOULEVARD & FIFTH AVENUE APTS	New construction	2013	N/A	N/A	$674,261

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