From https://rentrentier.com/the-collapse-of-housing-affordability/

“Affordable” means rent is not more than 30% of household income.

Based on analysis of US Census and ACS data from IPUMS USA. To calculate the proportion of units: Data is split into submarkets by state and bedroom count. The proportion of units affordable at each income percentile is calculated. The numbers for the submarkets are then combined as a weighted average, weighted by the proportions of renters in that income percentile in each submarket. Visualization made with datawrapper.

Posted by rentyrentier

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4 Comments

  1. rentyrentier on

    Based on analysis of US Census and ACS data from IPUMS USA. To calculate the proportion of units: Data is split into submarkets by state and bedroom count. The proportion of units affordable at each income percentile is calculated. The numbers for the submarkets are then combined as a weighted average, weighted by the proportions of renters in that income percentile in each submarket. Visualization made with datawrapper.de

  2. CharlotteRant on

    Basically, anyone below 60% has proportionately fewer choices, which is interesting. 

    If this was done for homes for sale, based on implied mortgage payments, I suspect it would be basically anyone below 90% having proportionately fewer choices. 

  3. __Rick_Sanchez__ on

    It’s a bummer that I didn’t invest my income into a property when I was 4 years old.

  4. class-action-now on

    I’d like to this graph extended to at least 2024. A LOT has changed since 2020.