# Shelby County

## Summary

44.4%

share of renter households

46.2%

share of low-income households

49.5%

share of rent-burdened households

### Renter population data

#### Renters vs homeowners

| Households               | % share  |
|--------------------------|----------|
| Renter households        | 157,620  | 44.4%  |
| Homeowner households     | 197,116  | 55.6%  |
| Total households         | 354,736  | 100.0% |

#### Low-income renter households

| Households                | % share  |
|---------------------------|----------|
| Extremely low-income      | ≤30% AMI | 31,212 | 19.8%  |
| Very low-income           | 31-50% AMI | 12,525 | 7.9%   |
| Low-income                | 51-80% AMI | 29,116 | 18.5%  |
| All low-income households  | <80% AMI | 72,853 | 46.2%  |

#### Rent-burdened households

| Households                | % share  |
|---------------------------|----------|
| Moderately rent-burdened  | | 36,644 | 23.2% |
| 30.0–34.9%               | 12,684   | 8.0%  |
| 35.0–39.9%               | 10,140   | 6.4%  |
| 40.0-49.9%               | 13,820   | 8.8%  |
| Severely rent-burdened    | | 41,406 | 26.3% |
| ≥50.0%                   | 41,406   | 26.3% |
| All rent-burdened households | | 78,050 | 49.5% |

### Affordable housing shortage

| Factor                               | Amount ($)  |
|--------------------------------------|-------------|
| Median household income in 2010      | 26,542      |
| Median household income in 2021      | 36,052      |
| Increase (2010–2021)                 | 35.8%       |
| Median rent in 2010                  | 360         |
| Median rent in 2021                  | 774         |
| Increase (2010–2021)                 | 115.0%      |

#### Affordable housing stock

| Units                             |                  |
|-----------------------------------|------------------|
| Supply (current stock)            | 842              |
| Demand (total units needed)       | 40,787           |
| Shortage                          | 40,122           |
| Total shortage                    | 40,122           |
| Supply/demand ratio               | 2.1%             |

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

| Name                                 | Type                                 | Year | Zipcode | Number of units | Income ceiling | LIHTC allocation | Amount      |
|--------------------------------------|--------------------------------------|------|---------|-----------------|----------------|-----------------|-------------|
| HIGHBRIDGE OVERLOOK                  | New construction                      | 2014 | N/A     | 1              | 60% AMI        | $1,804,887     |
| IRVINGTON FAMILY APTS                | New construction                      | 2007 | N/A     | 1              | 60% AMI        | $1,378,252     |
| HILLTOP VILLAGE                      | New construction - Acquisition and Rehab | 2012 | N/A     | 0              | 60% AMI        | $504,385       |
| HUNTINGTON RESERVE                   | N/A                                  | 2006 | N/A     | 0              | 60% AMI        | $424,046       |
| HOLT + HAMILTON FAMILY APARTMENTS    | New construction                      | 2016 | N/A     | 1              | 60% AMI        | $1,557,010     |
| INTERVALE GARDENS LLC                | New construction                      | 2008 | N/A     | 1              | 60% AMI        | $659,087       |
| HOMES OF RENAISSANCE PRESERVE II    | New construction                      | 2012 | N/A     | 0              | 60% AMI        | $1,510,000     |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS | New construction                 | 2013 | N/A     | 1              | 60% AMI        | $674,261       |
| IMPERIAL GARDENS FAMILY APTS         | New construction                      | 2009 | N/A     | 1              | 60% AMI        | $1,142,750     |
| HOLLY HEIGHTS I + II APARTMENTS      | Acquisition and Rehab                | 2016 | N/A     | 1              | 60% AMI        | $435,816       |
| HILTON SENIOR APTS                    | New construction                      | 2007 | N/A     | 0              | 60% AMI        | $242,084       |
| JEFFERSON AVENUE                     | New construction                      | 2020 | N/A     | 10             | 60% AMI        | $0             |
| INGRAM PRESERVATION                  | Acquisition and Rehab                | 2005 | N/A     | 5              | 60% AMI        | $390,500       |
| JACOB'S HILL                         | New construction                      | 2006 | N/A     | 0              | 60% AMI        | $1,420,505     |
| ...                                  | ...                                  | ...  | ...     | ...            | ...            | ...            |

HousingCount

Builders Patch Inc. © 2025 – All rights reserved.