# 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    | 26.2%    |
| Homeowner households    | 16,568   | 73.8%    |
| Total households        | 22,448   | 100.0%   |

#### Low-income renter households

| Households              | % share  |
|------------------------|----------|
| Extremely low-income    | ≤30% AMI | 1,040    | 17.7%    |
| Very low-income        | 31-50% AMI| 481      | 8.2%     |
| Low-income             | 51-80% AMI| 1,072    | 18.2%    |
| All low-income households| <80% AMI| 2,593    | 44.1%    |

#### Rent-burdened households

| Households              | % share        |
|------------------------|----------------|
| Moderately rent-burdened| 1,206          | 20.5%  |
| 30.0–34.9%            | 298            | 5.1%   |
| 35.0–39.9%            | 299            | 5.1%   |
| 40.0-49.9%            | 609            | 10.4%  |
| Severely rent-burdened | 1,175          | 20.0%  |
| ≥50.0%                 | 1,175          | 20.0%  |
| All rent-burdened households| 2,381      | 40.5%  |

### 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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