What's Hot: 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
46 Percent of DC Area Renters are Burdened with Housing Costs
Almost half of DC area renters are burdened by housing costs, according to a study published by Harvard University’s Joint Center for Housing Studies. The report defines “burdened” as residents who pay more than 30 percent of their income in rent.
Overall, 368,900, or 46 percent, of area renters are burdened, according to the findings. 22 percent are considered severely burdened, which means that they pay over 50 percent of their income in rent.
story continues below
loading...story continues above
Understandably, lower-income households are most likely to be burdened by housing costs. 81 percent of residents who make $15,000 and under are burdened; 85 percent of residents who make between $15,000 and $29,999 are burdened, a small uptick. The percentage of burdened homes for income level didn’t drop below 75 percent until the household income reached $45,000/year. Just under half of residents who made between $45,000 and $74,999 are burdened. Residents who made $75,000 and above saw the lowest percentage of burden- just nine percent.
The cost of housing in the area is a hot topic and various public officials and advocacy agencies said they are seeking strategies to make housing more affordable.
This article originally published at http://dc.urbanturf.com/articles/blog/46_percent_of_area_renters_are_burdened_with_housing_costs/10059
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

The massive new development would sit on a triangular parking lot at First Street and... read »

The draft environmental impact statement for the transportation project expected to g... read »

The project has added 10 units since its last milestone approval in 2019.... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- A Virtual Tour of More Than 30 DC-Area Developments
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- From 60 to 72 Condos: Georgetown West Heating Plant Development Grows in Size
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro