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A report released this month from the Joint Center
for Housing Studies of Harvard University provides an in-depth look at the
rental market in the U.S. and the challenges facing today’s renters.  The
report finds that:

• Rent has become less
  affordable over time.  In 1960, 24% of renters experienced cost burdens,
  compared to 38% in 2000 and 49% in 2009.
  

• Renters are not immune
  to the housing crisis.  The National Low Income Housing Coalition
  estimated that renters may have accounted for 40% of households evicted
  due to foreclosure as of 2009.
  

• Renters are becoming
  increasingly concentrated at the lowest income levels. From 1990 to 2010,
  households with incomes below the national median accounted for 84% of the
  growth in renters, while higher-income households drove virtually all of the
  growth in owners.
  

• By 2010, approximately 70% of renter households had incomes
  below the national median and more than 40% had incomes in the bottom quartile.
  

Related housing information can be found on our
website.