Builders Patch | HousingCount Tipton County affordable housing data.

Tipton County

Summary

25.4% share of renter households
46.9% share of low-income households
41.8% share of rent-burdened households

Renter population data

Renters vs homeowners

Households % share
Renter households 5,562
Homeowner households 16,298
Total households 21,860

Low-income renter households

Income Group Households % share
Extremely low-income (≤30% AMI) 1,059 19.0%
Very low-income (31-50% AMI) 395 7.1%
Low-income (51-80% AMI) 1,153 20.7%
All low-income households (<80% AMI) 2,607 46.9%

Rent-burdened households

Share of Income Spent on Rent Households % share
Moderately rent-burdened 1,379 24.8%
30.0–34.9% 514 9.2%
35.0–39.9% 203 3.6%
40.0-49.9% 662 11.9%
Severely rent-burdened 947 17.0%
≥50.0% 947 17.0%
All rent-burdened households 2,326 41.8%

Affordable housing shortage

Rent vs median household income

Year Median Household Income ($) Median Rent ($)
2010 22,409 409
2021 35,742 649
Increase (2010–2021) 59.5% 58.7%

Affordable housing stock

Supply (current stock) Demand (total units needed) Shortage Supply/Demand Ratio
3,351 1,357 -402 246.9%

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 99 60% AMI $1,378,252
HILLTOP VILLAGE New construction - Acquisition and Rehab 2012 N/A 200 60% AMI $504,385
HUNTINGTON RESERVE NA 2006 N/A 168 60% AMI $424,046
HOLT + HAMILTON FAMILY APARTMENTS New construction 2016 N/A 61 60% AMI $1,557,010
INTERVALE GARDENS LLC New construction 2008 N/A 65 60% AMI $659,087
HOMES OF RENAISSANCE PRESERVE II New construction 2012 N/A 88 60% AMI $1,510,000
JEFFERSON BOULEVARD & FIFTH AVE APTS New construction 2013 N/A 39 60% AMI $674,261
IMPERIAL GARDENS FAMILY APTS New construction 2009 N/A 76 60% AMI $1,142,750
HOLLY HEIGHTS I + II APARTMENTS Acquisition and Rehab 2016 N/A 41 60% AMI $435,816
HILTON SENIOR APTS New construction 2007 N/A 69 60% AMI $242,084
JEFFERSON AVENUE New construction 2020 N/A 79 60% AMI $0
INGRAM PRESERVATION Acquisition and Rehab 2005 N/A 135 60% AMI $390,500
JACOB'S HILL New construction 2006 N/A 103 60% AMI $1,420,505
HOWARD AVENUE CLUSTER Acquisition and Rehab 2006 N/A 5 60% AMI $50,769
JACKSON TERRACE Acquisition and Rehab 2006 N/A 417 60% AMI $1,557,608
JEFFERSON CLUSTER (ATLANTIC AVE) Acquisition and Rehab 2006 N/A 12 60% AMI $88,403
JEAN C MCKINNEY MANOR New construction 2005 N/A 49 60% AMI $562,511

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