{"id":2236,"date":"2020-01-26T16:28:11","date_gmt":"2020-01-26T16:28:11","guid":{"rendered":"https:\/\/movity.com\/?p=2236"},"modified":"2020-11-14T10:16:35","modified_gmt":"2020-11-14T10:16:35","slug":"affordable-housing-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/affordable-housing-statistics\/","title":{"rendered":"24 Need-to-Know Affordable Housing Statistics"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<span style=\"font-weight: 400;\">Today\u2019s topic is quite popular among you and your friends, I\u2019m sure: affordable housing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We have prepared some <\/span><span style=\"font-weight: 400;\">affordable housing statistics<\/span><span style=\"font-weight: 400;\"> that will surely be valuable. After all, you need to know what the reality of the nation\u2019s housing situation is. To make sure you don\u2019t end up as one of the negative statistics, you need to be informed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have you ever asked yourself: <\/span><span style=\"font-weight: 400;\">How many <a title=\"homeless veterans statistics\" href=\"https:\/\/movity.com\/blog\/homeless-veterans-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: #0000ff;\">veterans in the USA are homeless<\/span><\/strong><\/a>?<\/span><span style=\"font-weight: 400;\"> Or <\/span><span style=\"font-weight: 400;\">what percentage of housing is affordable?<\/span><span style=\"font-weight: 400;\"> Or if you\u2019ve taken a look at <\/span><span style=\"font-weight: 400;\">US housing data<\/span><span style=\"font-weight: 400;\"> or the <\/span><span style=\"font-weight: 400;\">national and state housing facts<\/span><span style=\"font-weight: 400;\"> it made you wondered about the <\/span><span style=\"font-weight: 400;\">state of housing in USA in 2019<\/span><span style=\"font-weight: 400;\">?\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the above questions keep you up at night, we\u2019ve got you covered! Here are 24 statistics that will shed some light on <\/span><span style=\"font-weight: 400;\">USA affordable housing statistics<\/span><span style=\"font-weight: 400;\">. <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Key Affordable Housing Statistics for 2019 (Editor\u2019s Choice)&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">38.1 million Americans are in low-income households<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">2.1 million families are using housing vouchers<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There\u2019s a Seven Million Home Shortage for Extremely low-income renters<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><a title=\"mobile home statistics\" href=\"https:\/\/movity.com\/blog\/mobile-home-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: #0000ff;\">5.6% of Americans<\/span><\/strong><\/a> now live in mobile homes<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over half a million Americans are homeless<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">37,878 veterans are homeless<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Affordable Housing Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">1. 84% of people in the USA cannot afford to buy a house<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Attom Data)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many of us wonder: <\/span><span style=\"font-weight: 400;\">How many people in the USA cannot afford to buy a house?<\/span><span style=\"font-weight: 400;\"> Towards the end of 2018, a reported 84% of Americans could not afford to get a home in the average price range. In this time, US house prices were at their least affordable since 2008. In order to buy an average-priced home in areas such as San Mateo, San Francisco, Santa Clara, New York, etc., prospective homeowners need to be earning upwards of $100,000 per year.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">2. 16% of USA residents can afford to live in a comfortable house<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Business Insider)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While 84% of Americans are not able to afford purchasing a house, the remaining 16% can. Interestingly enough, the sales of 28.8% of homes purchased in 2017 were facilitated without incurring any debt.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">3. 1.3 Million Households Make Use of Public housing\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: US Department of Housing and Urban Development)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More than 1.3 million households currently reside in <\/span><span style=\"font-weight: 400;\">HUD housing<\/span><span style=\"font-weight: 400;\">. 40% of them are aged over 65. 43% of households have children. The rest are people under the age of 65 that have no children.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a073% of all occupied public housing units are found in the Northeast and the South, per these <a href=\"https:\/\/movity.com\/blog\/public-housing-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>public housing statistics<\/strong><\/a>.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">4. <\/span><span style=\"font-weight: 400;\">US housing bubble stats<\/span><span style=\"font-weight: 400;\">: home price rise of 93% leads to bubble fears\u00a0\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: National Association of Realtors)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The effects of the USA Housing Bubble are still being felt today. In 2008, special loans of over $900 billion were granted by the United States Government to the public and private sector. In the third quarter of this year, median-priced homes saw an increase of 93% in the <\/span><span style=\"font-weight: 400;\">house price growth rate in the USA<\/span><span style=\"font-weight: 400;\"> in metro areas. This has many fearing another bubble is on its way.\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>[\/vc_column_text][vc_single_image image=&#8221;2238&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Affordable Housing Crisis Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">5. Not one state can meet the shortage of affordable rental homes 100%\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Monroe Group)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is a massive shortage of affordable rental homes available to Americans. It has been said that not one county within the US can meet the demand for safe, affordable housing. Over 46 million people are living in poverty within the US and are unable to afford housing.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">6. The national shortage of affordable rental housing doesn\u2019t discriminate: 44% of renters have unaffordable rent\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: American Progress)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How many people are affected by affordable housing<\/span><span style=\"font-weight: 400;\">? Well, there are an estimated 30 million renters in the United States. 44% of them have unaffordable rent. These people spend more than 30% of their income on housing costs. Only the high-income households don\u2019t experience this national shortage. The middle and lower class feel this crunch tremendously.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">7. Growth of affordable housing crisis: a meager 56% of homes for sale are affordable\u00a0\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Forbes)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2012, the NAHB\/Wells Fargo Housing Opportunity Index highlighted that homes were at peak affordability. 78% of homes for sale were affordable to the average American. Due to growth, today, only 56% of homes for sale are affordable.\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Low-income Renters Housing Stats&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">8. 38.1 million Americans are in low-income households<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: United States Census Bureau)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2018 saw a drop of 0.5% in the number of low-income households. The official poverty rate in 2018 was 11.8%, which means approximately 38.1 million Americans. A decreased poverty rate was discovered amongst almost all groups of people. The exception is people older than 25 without a high school diploma &#8211; the poverty level there increased by 1.4%.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">9. There\u2019s a seven million home shortage for extremely low-income renters\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The National Low-Income Housing Coalition)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">11 million of America&#8217;s 43.3 million households that rent are classed as extremely low-income renters. A mere 7.4 million rentals are available to them. Typically, extremely low-income renters are seniors, have special needs, or are single caregivers.\u00a0\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Affordability by Profession&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">10. Some teachers spend up to 70% of their income on housing\u00a0\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Brookings)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The national median salary for teachers in the US is $56,540. But in Hawaii, teachers earn around $44,887. In Rhode Island, a teacher can earn as much as $69,911. Many teachers cannot afford to spend up to 70% of their income on housing. Plans are being made for that to change.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">11. In the San Francisco area, only 4.8% of homes are affordable for programmers<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The San Francisco Bay area has 387,000 high-tech jobs.\u00a0 It is also the home to more than 30 Fortune 1000 businesses. Presently it also has the most concentrated amount of high-tech companies in the US. But programmers can only afford 4.8% of the homes in this area. Whereas in the Seattle area a programmer can afford 39% of the available houses.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">12. Affordable housing for working-class vs. public servants in the US: 65% of people are concerned\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, a survey was conducted regarding the <\/span><span style=\"font-weight: 400;\">lack of affordable housing<\/span><span style=\"font-weight: 400;\"> for members of the working class and public servants. The results yielded that 65% of survey participants were concerned about the minimal amount of affordable housing available to them.\u00a0<\/span>[\/vc_column_text][vc_single_image image=&#8221;2239&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;USA Rent to Income Ratio&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">13. <\/span><span style=\"font-weight: 400;\">How many millennials in the USA are facing affordable housing problem<\/span><span style=\"font-weight: 400;\">? rent cost by generation\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: The Ladder)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the different economic conditions faced by the generations, it\u2019s difficult to narrow down accurate numbers. It was estimated that the average rent to income ratio for baby boomers was 38.1% of their income, while Gen Xers was 35.9%, and millennials are 35.7%.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">14. Don&#8217;t spend more than 30% of your income on housing: most affordable metro areas in the US by income spent on rent\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Business Insider)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The median rent costs, monthly income needed, and <\/span><span style=\"font-weight: 400;\">average housing cost by state<\/span><span style=\"font-weight: 400;\"> help us establish the most affordable metro areas in the US. Renters in West Virginia need to earn a monthly wage of $2,960. Renters in Arkansas need a monthly income of around $3,177. In contrast, renters in Washington DC will need to earn roughly $9,037 per month. Meanwhile, California renters need to earn a monthly income of around $8,393 to afford decent housing.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">15. 36% of the average wage was needed to buy a median-priced home in the US in 2018.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Statista)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average earners had to set aside 36% of their wages to purchase a median-priced home in the US in 2018. In 2015 this figure was 30%.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">16. 14-years\u2019 worth of savings are needed to afford a down payment in the US\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: US News)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average American household has to save for 14 years to afford a 20% down payment on a median-priced home.\u00a0 A Zillow report from 2019 shows that 34% of new homeowners financed their down payment through gifts, contributions, and loans given by friends &amp; family.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Top 5 Metros in the USA with affordable housing&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">(Source: CNBC)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The top metros with affordable housing are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mississippi<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Oklahoma<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Arkansas\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Missouri\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Michigan\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now let\u2019s talk about mobile homes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Average Sales Price of New Mobile Homes in the US and More&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">17. Average sales price of new single-width mobile homes is $53,116.66<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: United States Census Bureau)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far, 2019 has seen an average sales price of new single-width mobile homes of $53,116.66. The average sales prices per month in the US was:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$53,400 in January\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$52,600 in February<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$50,400 in March\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Then it rose to\u00a0 2019\u2019s high of $55,700.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">18. Average sales price of new double-width mobile homes is $103,800<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: United States Census Bureau)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2019, the average sales price of a new double-width mobile home is $103,800. The average sales prices per month in the US was:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$103,400 in January\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$107,600 in February\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$102,100 in March<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In April the price dropped to $100,700\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">May there was a drop to $98,100.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">19. 5.6% of Americans live in mobile homes: but where?\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Apartmentlist)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">17.7 million people make up this 5.6%. Of this percentage, 71.1% own their mobile homes while 28.9% rent theirs. The four states with the largest population of Americans living in mobile homes are New Mexico, South Carolina, West Virginia, and Mississippi. The States that home the least amount of mobile homes are Hawaii, Connecticut, Massachusetts, and New Jersey.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">20. Roughly 2.1 million families are using housing vouchers\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Center on Budget and Policy Priorities)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Housing Choice Voucher program supports more than 5.3 million people in 2.2 million households. They providing rental assistance in the form of vouchers. 68% of these people are senior citizens, children, and people with disabilities. It&#8217;s estimated that 7 out of 10 low-income families are missing out on these vouchers due to the limited availability of funds.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">21. Homeowners stay in one home for an average of 13 years\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: National Association of Home Builders)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On average, a homeowner will reside in their home for up of one decade. First-time buyers will typically stay in one home for 11.4 years. Those who\u2019ve previously owned a home are expected to stay for around 14.8 years.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">22. 41% of children in the US live in low-income families\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: National Center for Children in Poverty)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">41% of children (29,589,986) reside with low-income families. Of this 41%, a little over half have at least one parent who works full-time. This figure is made up of various ethnicities. The racial statistics are as follows:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">61% black\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">60% American Indian\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">59% Hispanic<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">28% Caucasian &amp; Asian.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Poverty Levels&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">23. <a title=\"homelessness statistics\" href=\"https:\/\/movity.com\/blog\/homelessness-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #0000ff;\"><strong>USA homelessness stats<\/strong><\/span><\/a><\/span><span style=\"font-weight: 400;\">: over half a million Americans are homeless\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Whitehouse.gov)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An estimated 65% of homeless Americans make use of homeless shelters while the remaining 35% are found on the streets. Thanks to the implementation of programs such a Supportive Services for Veteran Families program and Veterans Affairs Supportive Housing, the number of homeless veterans has decreased significantly. Now there are approximately 37,878 homeless veterans. Still, the sheer number of those homeless in the USA is staggering.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">24. Poor housing \u2013 Poor health\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Source: Environmental Health Perspectives)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Florence Nightingale wrote, &#8220;The connection between health and the dwelling of the population is one of the most important that exists.&#8221; The direct correlation between poor housing &amp; poor health can no longer be ignored. Solutions include the removal of liquor stores, the opening of grocery stores, and communal improvements &#8211; such as the addition of jogging paths, mural art installations, and community gardens.\u00a0 <\/span>[\/vc_column_text][vc_single_image image=&#8221;2240&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Top 5 Reasons for Non-Home Owners to Own a House&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li><b>Wealth building<\/b><span style=\"font-weight: 400;\">: As the value of your property increases, so does the opportunity for you to turn a profit when selling it.\u00a0<\/span><\/li>\n<li><b>Customization<\/b><span style=\"font-weight: 400;\">: When you rent a home, you&#8217;re often limited in terms of the interior and structural changes. By owning your own home, you can do what you\u2019d like.\u00a0<\/span><\/li>\n<li><b>Tax benefits<\/b><span style=\"font-weight: 400;\">: All interest paid on the mortgage of your home is tax-deductible. That means your taxable income is reduced.\u00a0\u00a0<\/span><\/li>\n<li><b>Financial reprieve<\/b><span style=\"font-weight: 400;\">: Some mortgages are fixed-rate, which means that your payments won&#8217;t increase.\u00a0<\/span><\/li>\n<li><b>Pride<\/b><span style=\"font-weight: 400;\">: Having a place to call your own is an immense source of pride. <\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Wrapping Up&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">We know that seeing all of those <\/span><span style=\"font-weight: 400;\">affordable <a href=\"https:\/\/movity.com\/blog\/housing-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\">housing statistics<\/a><\/span><span style=\"font-weight: 400;\"> can be an eye-opening experience!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After seeing the lack of affordable housing in numbers and understanding more about the housing crisis, one thing becomes evident -more needs to be done to solve these <\/span><span style=\"font-weight: 400;\">affordable housing issues<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Can you of any solutions to the <\/span><span style=\"font-weight: 400;\">affordable housing problems<\/span><span style=\"font-weight: 400;\">? Leave us your thoughts in the comments section below! We\u2019d love to hear from you!<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Sources:&#8221; font_container=&#8221;tag:p|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.attomdata.com\/news\/market-trends\/home-sales-prices\/q3-2018-home-affordability-report\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Attom Data<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.businessinsider.com\/home-buying-america-changing-2017-12?IR=T\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Insider<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.huduser.gov\/periodicals\/ushmc\/spring95\/spring95.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Department of Housing and Urban Development<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.nar.realtor\/newsroom\/metro-home-prices-rise-in-93-of-metro-areas-in-third-quarter-of-2019\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Association of Realtors<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.monroegroup.com\/about-us\/affordable-housing-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Monroe Group<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.americanprogress.org\/issues\/economy\/reports\/2018\/07\/24\/452645\/homes-for-all\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">American Progress<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.forbes.com\/sites\/brendarichardson\/2019\/01\/31\/americas-housing-affordability-crisis-only-getting-worse\/#63ae1a8c104b\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/library\/publications\/2019\/demo\/p60-266.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">United States Census Bureau<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/reports.nlihc.org\/sites\/default\/files\/gap\/Gap-Report_2019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The National Low-Income Housing Coalition<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.brookings.edu\/blog\/the-avenue\/2019\/06\/20\/too-many-teachers-cant-afford-to-live-near-their-schools\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Brookings<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/725847\/concern-over-affordable-housing-for-working-class-vs-public-servants-usa-by-region\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/865568\/home-affordability-programmers-usa-selected-cities\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.theladders.com\/career-advice\/study-compared-to-boomers-millennials-rent-is-more-affordable-but-that-cant-afford-homes\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Ladder<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.businessinsider.com\/salary-afford-rent-every-state-us-ranked-2018-7?IR=T#51-renters-in-west-virginia-need-to-make-at-least-35520-to-pay-for-housing-1\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Insider<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/935939\/share-of-wages-to-buy-median-priced-home-usa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/realestate.usnews.com\/real-estate\/articles\/how-to-save-enough-for-a-down-payment\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US News<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.cnbc.com\/2019\/07\/10\/americas-10-cheapest-states-to-live-2019.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CNBC<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/data\/tables\/time-series\/econ\/mhs\/latest-data.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">United States Census Bureau<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.apartmentlist.com\/rentonomics\/mobile-homes-affordability-crisis\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Apartmentlist<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.cbpp.org\/housing-choice-voucher-fact-sheets\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Center on Budget and Policy Priorities<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"http:\/\/nahbclassic.org\/generic.aspx?genericContentID=194717\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Association of Home Builders<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"http:\/\/www.nccp.org\/profiles\/US_profile_6.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">National Center for Children in Poverty<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2019\/09\/The-State-of-Homelessness-in-America.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Whitehouse.gov<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/ehp.niehs.nih.gov\/doi\/full\/10.1289\/ehp.113-a310\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Environmental Health Perspectives<\/span><\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Today\u2019s topic is quite popular among you and your friends, I\u2019m sure: affordable housing.\u00a0 We have prepared some affordable housing statistics that will surely be valuable. After all, you need to know what the reality of the nation\u2019s housing situation is. To make sure you don\u2019t end up as one of the negative statistics, you [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[],"_links":{"self":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2236"}],"collection":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/comments?post=2236"}],"version-history":[{"count":5,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2236\/revisions"}],"predecessor-version":[{"id":2721,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2236\/revisions\/2721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media\/2237"}],"wp:attachment":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media?parent=2236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/categories?post=2236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/tags?post=2236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}