07/04/2022

Renters Will Continue to Struggle for the Next Decade, Harvard Study Says

Renting is unlikely to get easier anytime soon.

An estimated 11% more households will pay more than half of their incomes in rent in 2025, according to a new report from Harvard University’s Joint Center for Housing Studies and Enterprise Community Partners, an affordable-housing organization.

The situation could have significant policy implications. Renters who are severely cost-burdened—meaning they pay more than 50% of their incomes in rent—often require federal subsidies to find an affordable place to live. The private sector is struggling to produce profitable housing that is affordable to lower- and moderate-income families, while many federal housing subsidies have been cut in recent years.

In 2013, one in four renters, or 11.2 million households, paid more than half of their incomes in rent. That is three million more households than in 2000.

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