The Harvard Joint Center for Housing Studies has released its 2019 study into the State of the Nation's Housing. It has too released 4 interactive maps illustrating roughly of the report's findings.
Among roughly of the center's substitution findings on the province of housing inward the U.S. are; rising solid reason prices, large regional differences inward housing affordability as well as the turn down of low-rent stock. Despite these pressures on housing the pump too establish that the portion of US households paying to a greater extent than than 30% of their income on housing has declined for the 7th twelvemonth inward a row (in 2017). These 4 findings tin hold out explored inward to a greater extent than item on the center's interactive maps.
The Burdened yesteryear Housing Costs (2017) map shows the percent of households inward each county who pay to a greater extent than than 30% of their income on housing. The map allows you lot to sentiment the percent of homeowners as well as renters burdened yesteryear housing costs separately. Comparing these 2 views reveals that renters are far to a greater extent than affected yesteryear relatively high housing costs than homeowners. In fact, although the numbers burdened yesteryear housing costs convey declined overall, the numbers of renters burdened amongst housing costs continues to rise.
One argue why the numbers of renters burdened yesteryear housing costs are increasing is because the low-rent stock inward near subway scheme areas has declined since 2011. You tin encounter how much low-rent stock has declined across the solid reason on the Low-Stock Decline interactive map. This map shows the percent modify inward the lay out of rental units below $800 inward dissimilar subway scheme areas.
The other 2 interactive maps, the Rise inward Residential Land Prices as well as the Housing Affordability map demo roughly of the pressures on housing affordability. Both maps demo large variations inward solid reason prices as well as housing affordability inward dissimilar regions. Both solid reason cost as well as housing affordability pressures are incredibly high inward California, compared to many other regions of the United States.
