Search
 

Analysis Shows Pennsylvania Lags on Housing

HARRISBURG, PA-A report shows that this state is at a comparative disadvantage with peer states on housing fronts such as multifamily rental stock, housing assistance and the proportion of income residents pay in rents.

By Marita Thomas | Updated on November 10, 2003

HARRISBURG, PA-In a study of key housing indicators among five states, conducted by the Housing Alliance here, Pennsylvania is found to be at a comparative disadvantage with New Jersey, Massachusetts, Maryland and Ohio. Titled, “The State of Pennsylvania’s Housing: A Comparative Analysis of Need, Policy and Funding,” it reveals that Pennsylvania lags behind the others on several important fronts, including rental housing.

This state has the same amount of rental housing as it did in 1940. Between 1990 and 2000, multifamily housing has slipped from representing 26% to just 21% of all housing stock in the state.

While Pennsylvania rents are lower than in the peer states, it has more renters who pay more than 50% of their income for housing. That is 17% more than Massachusetts, which has the highest rents in the nation, and Maryland, which has the fastest rising rents in the US.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.