# 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    | **32.4%**|
| Homeowner households        | 5,485    | **67.6%**|
| Total households            | 8,113    | **100.0%**|

### Low-income renter households

| Households                  | % share  |
|----------------------------|----------|
| Extremely low-income        | ≤30% AMI | 573      | **21.8%**|
| Very low-income             | 31-50% AMI| 234     | **8.9%**|
| Low-income                  | 51-80% AMI| 337     | **12.8%**|
| All low-income households    | <80% AMI | 1,144    | **43.5%**|

### 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)

---  
HousingCount  
Builders Patch Inc. © 2025 – All rights reserved.