Affordability Crisis Deepens as Renters Face Rising Housing Costs

Globe St., Dec. 2, 2024-Mario Marroquin
More than half of U.S. renter households are spending an unsustainable share of their income on housing, wiping out affordability gains made over the past decade. According to a recent report from Apartment List, using U.S. Census data, 51.8% of renters were cost-burdened in 2023, up from 48.4% in 2019.
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