- Shortage: The National Low Income Housing Coalition (NLIHC) reports that for every 100 extremely low-income renter households, there are only 37 affordable and available rental units.
- Cost Burden: According to the U.S. Census Bureau, approximately 36% of renters are cost-burdened, spending more than 30% of their income on housing.
#1
Affordable Housing
#2
Homelessness
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Homeless Population: In the United States, as of January 2023, there were approximately 664,000 individuals experiencing homelessness, according to the U.S. Department of Housing and Urban Development (HUD).
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Chronic Homelessness: HUD reports that around 24% of the homeless population is considered chronically homeless, meaning they have experienced homelessness for a long period or repeatedly.
#3
Housing Quality
- Substandard Housing: The U.S. Census Bureau estimates that about 3.5 million households live in substandard housing, which includes issues like severe overcrowding and lack of basic utilities.
#4
Homeownership
- Homeownership Rates: As of mid-2023, the homeownership rate in the U.S. was approximately 66.9%, according to the U.S. Census Bureau. This varies significantly by region and demographic group.
#5
Rental Market
- Rental Vacancy Rates: The U.S. Census Bureau reports that the rental vacancy rate in the second quarter of 2024 was about 6.0%, indicating a relatively tight rental market in many areas.
#6
Housing Affordability by Income
- Income Disparities: The NLIHC highlights that nearly 70% of very low-income renters are severely cost-burdened, spending over half of their income on housing.
#7
Impact of COVID-19
- Increased Housing Instability: The COVID-19 pandemic has exacerbated housing instability, with many households experiencing financial strain and facing the threat of eviction.
- These statistics underscore the ongoing challenges in providing affordable, quality housing and the need for continued policy efforts and community initiatives to address these issues.
