Builders Patch | HousingCount Rutherford County affordable housing data.

Rutherford County

Summary

34.9%
share of renter households
46.8%
share of low-income households
43.9%
share of rent-burdened households

Renter population data

Renters vs homeowners
Households

Type of Households Number % Share
Renter households 41,476 34.9%
Homeowner households 77,479 65.1%
Total households 118,955 100.0%

Low-income renter households
Households

Income Group Number % Share
Extremely low-income ≤30% AMI 4,408 10.6%
Very low-income 31-50% AMI 3,929 9.5%
Low-income 51-80% AMI 11,089 26.7%
All low-income households <80% AMI 19,426 46.8%

Rent-burdened households
Share of income spent on rent

Type Number % Share
Moderately rent-burdened 10,491 25.3%
30.0–34.9% 4,045 9.8%
35.0–39.9% 3,073 7.4%
40.0-49.9% 3,373 8.1%
Severely rent-burdened 7,699 18.6%
All rent-burdened households 18,190 43.9%

Affordable housing shortage

Year Median Household Income Amount ($)
2010 32,089
2021 48,871
Increase (2010–2021) 52.3%
Year Median Rent Amount ($)
2010 300
2021 1,032
Increase (2010–2021) 244.0%

Affordable housing stock
Supply, demand & shortage

Category Units
Supply (current stock) 3,653
Demand (total units needed) 8,133
Shortage 4,947
Total shortage 4,947
Supply/Demand ratio 44.9%

HUD National Low Income Housing Tax Credit (LIHTC) Database

Name Type Year Zipcode Market Rate Low-income Type Amount
HIGHBRIDGE OVERLOOK New construction 2014 N/A 10452 N/A 1 $1,804,887
IRVINGTON FAMILY APTS New construction 2007 N/A 94538 N/A 1 $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A 32208 N/A 0 $504,385
HUNTINGTON RESERVE NA 2006 N/A 32773 N/A 0 $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A 91768 N/A 1 $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A 10459 N/A 1 $659,087
... ... ... ... ... ... ... ...