Builders Patch | HousingCount Somerset County affordable housing data.
Somerset County
Summary
32.4% share of renter households
43.5% share of low-income households
55.5% share of rent-burdened households
Renter population data
Renters vs homeowners
| Households |
% share |
| Renter households |
2,628 |
| Homeowner households |
5,485 |
| Total households |
8,113 |
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
| Share of income spent on rent |
Households |
% share |
| Moderately rent-burdened |
559 |
21.3% |
| 30.0–34.9% |
173 |
6.6% |
| 35.0–39.9% |
248 |
9.4% |
| 40.0-49.9% |
138 |
5.3% |
| Severely rent-burdened |
900 |
34.2% |
| ≥50.0% |
900 |
34.2% |
| All rent-burdened households |
1,459 |
55.5% |
Affordable housing shortage
Rent vs median household income
| Year |
Median household income |
Median rent |
Increase (2010–2021) |
| 2010 |
$26,227 |
$734 |
-6.3% |
| 2021 |
$24,573 |
$629 |
-14.3% |
Affordable housing stock
| Units |
Supply (current stock) |
Demand (total units needed) |
Shortage |
Supply/Demand Ratio |
|
3,916 |
714 |
-2,701 |
548.5% |
HUD National Low Income Housing Tax Credit (LIHTC) Database
| Name |
Type |
Year |
Zipcode |
Income Ceiling |
LIHTC Allocation |
Number of Units |
Market Rate |
Low-income |
Amount |
| HIGHBRIDGE OVERLOOK |
New construction |
2014 |
N/A |
60% AMI |
$1,804,887 |
154 |
N/A |
N/A |
N/A |
| IRVINGTON FAMILY APTS |
New construction |
2007 |
N/A |
60% AMI |
$1,378,252 |
99 |
N/A |
N/A |
N/A |
| HILLTOP VILLAGE |
New construction - Acquisition and Rehab |
2012 |
N/A |
60% AMI |
$504,385 |
200 |
N/A |
N/A |
N/A |
| HUNTINGTON RESERVE |
N/A |
2006 |
N/A |
60% AMI |
$424,046 |
168 |
N/A |
N/A |
N/A |
| HOLT + HAMILTON FAMILY APARTMENTS |
New construction |
2016 |
N/A |
60% AMI |
$1,557,010 |
61 |
N/A |
N/A |
N/A |
| INTERVALE GARDENS LLC |
New construction |
2008 |
N/A |
60% AMI |
$659,087 |
65 |
N/A |
N/A |
N/A |
| HOMES OF RENAISSANCE PRESERVE II |
New construction |
2012 |
N/A |
60% AMI |
$1,510,000 |
88 |
N/A |
N/A |
N/A |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS |
New construction |
2013 |
N/A |
60% AMI |
$674,261 |
39 |
N/A |
N/A |
N/A |
... (data continues in the same format for remaining properties)
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