Rental Affordability Is Worst in Minority Communities

Posted from: https://www.zillow.com/blog/rental-affordability-214184/

Housing has become less affordable for all renters since 2011 as rent appreciation greatly outpaced income growth. But for renters living in predominately black or Hispanic neighborhoods, the situation is decidedly worse.

New data shows that, on average, residents of predominantly white neighborhoods spend 30.7 percent of their income on rent, in line with the generally accepted standard of 30 percent. Renters living in predominately black neighborhoods spend 43.7 percent of their inco…

Posted from: https://www.zillow.com/blog/rental-affordability-214184/

Housing has become less affordable for all renters since 2011 as rent appreciation greatly outpaced income growth. But for renters living in predominately black or Hispanic neighborhoods, the situation is decidedly worse.

New data shows that, on average, residents of predominantly white neighborhoods spend 30.7 percent of their income on rent, in line with the generally accepted standard of 30 percent. Renters living in predominately black neighborhoods spend 43.7 percent of their inco…

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