# Sevier County

### Summary

28.0%

share of renter households

42.7%

share of low-income households

38.7%

share of rent-burdened households

### Renter population data

| Households                   | % share   |
|------------------------------|-----------|
| Renter households            | 10,316    | 28.0%   |
| Homeowner households         | 26,501    | 72.0%   |
| Total households             | 36,817    | 100.0%  |

Low-income renter households

| Households                   | % share   |
|------------------------------|-----------|
| Extremely low-income         | ≤30% AMI  | 1,334   | 12.9%  |
| Very low-income              | 31-50% AMI| 918     | 8.9%   |
| Low-income                   | 51-80% AMI| 2,149   | 20.8%  |
| All low-income households     | <80% AMI  | 4,401   | 42.7%  |

Rent-burdened households

| Households                   | % share   |
|------------------------------|-----------|
| Moderately rent-burdened     | 2,223     | 21.5%  |
| 30.0–34.9%                  | 1,014     | 9.8%   |
| 35.0–39.9%                  | 632       | 6.1%   |
| 40.0-49.9%                  | 577       | 5.6%   |
| Severely rent-burdened       | 1,774     | 17.2%  |
| ≥50.0%                       | 1,774     | 17.2%  |
| All rent-burdened households  | 3,997     | 38.7%  |

### Affordable housing shortage

Median household income

| Year | Amount ($) |
|------|------------|
| 2010 | 28,578     |
| 2021 | 39,044     |

Increase (2010–2021)

36.6%

Median rent

| Year | Amount ($) |
|------|------------|
| 2010 | 593        |
| 2021 | 695        |

Increase (2010–2021)

17.2%

Affordable housing stock

| Units           | Supply (current stock) | Demand (total units needed) | Shortage     |
|------------------|------------------------|------------------------------|--------------|
|                   | 440                    | 2,195                        | 1,849        |
|                   |                        |                              | 20.0% supply/demand ratio |

### **HUD National Low Income Housing Tax Credit (LIHTC) Database**

| Name                                    | Type                                  | Year | Zipcode | Income Ceiling | LIHTC Allocation | Market Rate | Low-income | Amount  |
|-----------------------------------------|--------------------------------------|------|---------|----------------|------------------|-------------|------------|---------|
| HIGHBRIDGE OVERLOOK                     | New construction                      | 2014 | N/A     | 60% AMI       | $1,804,887       | N/A         | N/A        | N/A     |
| IRVINGTON FAMILY APTS                   | New construction                      | 2007 | N/A     | 60% AMI       | $1,378,252       | N/A         | N/A        | N/A     |
| HILLTOP VILLAGE                         | New construction - Acquisition and Rehab | 2012 | N/A     | 60% AMI       | $504,385         | N/A         | N/A        | N/A     |
| HUNTINGTON RESERVE                     | NA                                   | 2006 | N/A     | 60% AMI       | $424,046         | N/A         | N/A        | N/A     |
| HOLT + HAMILTON FAMILY APARTMENTS       | New construction                      | 2016 | N/A     | 60% AMI       | $1,557,010       | N/A         | N/A        | N/A     |
| INTERVALE GARDENS LLC                   | New construction                      | 2008 | N/A     | 60% AMI       | $659,087         | N/A         | N/A        | N/A     |
| HOMES OF RENAISSANCE PRESERVE II        | New construction                      | 2012 | N/A     | 60% AMI       | $1,510,000       | N/A         | N/A        | N/A     |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS| New construction                      | 2013 | N/A     | 60% AMI       | $674,261         | N/A         | N/A        | N/A     |
| IMPERIAL GARDENS FAMILY APTS            | New construction                      | 2009 | N/A     | 60% AMI       | $1,142,750       | N/A         | N/A        | N/A     |
| HOLLY HEIGHTS I + II APARTMENTS         | Acquisition and Rehab                 | 2016 | N/A     | 60% AMI       | $435,816         | N/A         | N/A        | N/A     |
| HILTON SENIOR APTS                      | New construction                      | 2007 | N/A     | 60% AMI       | $242,084         | N/A         | N/A        | N/A     |
| JEFFERSON AVENUE                        | New construction                      | 2020 | N/A     | 60% AMI       | $0               | N/A         | N/A        | N/A     |
| INGRAM PRESERVATION                     | Acquisition and Rehab                 | 2005 | N/A     | 60% AMI       | $390,500         | N/A         | N/A        | N/A     |
| JACOB'S HILL                           | New construction                      | 2006 | N/A     | 60% AMI       | $1,420,505       | N/A         | N/A        | N/A     |
| ...                                     | ...                                  | ...  | ...     | ...            | ...              | ...         | ...        | ...     |

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