The number of housing units affordable to different income groups -- ranging from extremely low-income households (those earning no more than 30% AMI) to households earning 100% or more of AMI -- were tabulated. Data was included for both rental and homeownership housing units. Affordability for each income group was calculated by determining 30% of annual household income (for a 4 person household) for extremely-low, very-low, and low-income households (using current HUD-determined income limits, which can be found here). Moderate income housing units are those units affordable to households earning 80% to 100% of AMI. The rent levels and corresponding income levels related to the chart table are as follows:
Percent Area Median Income (AMI) |
Income Limits | Affordable Monthly Rent
(30% annual household income) |
30% - extremely low income* | $25,600 | $640 |
50% - very low income* | $42,650 | $1,066 |
80% - low income | $68,250 | $1,706 |
100% + | $89,600 | $2,240 |
*Units combined into "affordable" category.
Data was collected from the American Community Survey 2012 - 2016 5 year estimates for contract rent and home values. Assisted housing data was collected from the housing database managed by the Housing Program Coordinator. Homeowner affordability based on purchase at home value with $10,000 down payment, 5% interest and a fair credit score.