Builders Patch | HousingCount Summit County affordable housing data.
Summit County
Summary
31.5%
share of renter households
43.6%
share of low-income households
38.3%
share of rent-burdened households
Renter population data
Renters vs homeowners
| Households |
% share |
| Renter households |
3,573 |
| Homeowner households |
7,756 |
| Total households |
11,329 |
Low-income renter households
| Households |
% share |
| Extremely low-income (≤30% AMI) |
233 |
| Very low-income (31-50% AMI) |
614 |
| Low-income (51-80% AMI) |
711 |
| All low-income households (<80% AMI) |
1,558 |
Rent-burdened households
| Households |
% share |
| Moderately rent-burdened |
980 |
| 30.0–34.9% |
466 |
| 35.0–39.9% |
117 |
| 40.0-49.9% |
397 |
| Severely rent-burdened |
388 |
| ≥50.0% |
388 |
| All rent-burdened households |
1,368 |
Affordable housing shortage
Rent vs median household income
|
Amount ($) |
| Median household income in 2010 |
51,152 |
| Median household income in 2021 |
77,710 |
| Increase (2010–2021) |
51.9% |
| Median rent in 2010 |
676 |
| Median rent in 2021 |
1,618 |
| Increase (2010–2021) |
139.3% |
Affordable housing stock
| Units |
Quantity |
| Supply (current stock) |
281 |
| Demand (total units needed) |
680 |
| Shortage |
401 |
| Total shortage |
401 |
| Supply/demand ratio |
41.3% |
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 |
N/A |
154 |
N/A |
$1,804,887 |
| IRVINGTON FAMILY APTS |
New construction |
2007 |
N/A |
N/A |
99 |
N/A |
$1,378,252 |
| HILLTOP VILLAGE |
New construction - Acquisition and Rehab |
2012 |
N/A |
N/A |
200 |
N/A |
$504,385 |
| HUNTINGTON RESERVE |
NA |
2006 |
N/A |
N/A |
168 |
N/A |
$424,046 |
| HOLT + HAMILTON FAMILY APARTMENTS |
New construction |
2016 |
N/A |
N/A |
61 |
N/A |
$1,557,010 |
| INTERVALE GARDENS LLC |
New construction |
2008 |
N/A |
N/A |
65 |
N/A |
$659,087 |
| HOMES OF RENAISSANCE PRESERVE II |
New construction |
2012 |
N/A |
N/A |
88 |
N/A |
$1,510,000 |
| JEFFERSON BOULEVARD & FIFTH AVENUE APTS |
New construction |
2013 |
N/A |
N/A |
39 |
N/A |
$674,261 |
| IMPERIAL GARDENS FAMILY APTS |
New construction |
2009 |
N/A |
N/A |
76 |
N/A |
$1,142,750 |
| HOLLY HEIGHTS I + II APARTMENTS |
Acquisition and Rehab |
2016 |
N/A |
N/A |
41 |
N/A |
$435,816 |
...
(Additional properties similar to above format)
HousingCount