Rental Housing Affordability Data Tool
Posted by Federal Reserve Bank of Philadelphia on November 3, 2020
The strong economic growth that followed the Great Recession did little to erase the persistent shortfall of affordable rental housing in the Third District. Even after this expansion, a substantial majority of lower-income households in Pennsylvania, Delaware, and New Jersey struggled to afford their rent in 2018, with almost one-third to nearly half of these households paying over 50 percent of their monthly income toward housing costs. The newly updated data suggest that housing insecurity was widespread among lower-income renters in the Third District even prior to the coronavirus pandemic and the associated economic downturn.
Visit the newly updated Rental Housing Affordability Data Tool to explore trends in rental housing affordability and examine the composition of cost-burdened, lower-income households in your state or metropolitan area.
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