Over the last decade the affordability of rental housing has remained at a low level, according to new research from Freddie Mac Multifamily.
Fewer than 10% of all rental units are affordable to low-income renter households—those earning 50% or less of median renter income—for every year since 2010, said its new report, "Rental Affordability Reexamined."
That's more than four times lower than when using the most common income measure: median family income, said the report, which assessed the availability of affordable housing for renters by looking specifically at renter income.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.
