According to the NAEH, 38 states registered an increase in fair-market rents between 2010 and 2011, with the average cost of a two-bedroom rental increasing by 1.5 percent nationally. At the same time, median household income decreased by 1.3 percent nationally, with only 14 states reporting increases. The number of households spending more than 50 percent of their income on housing—more than 50 percent!—went up 5.5 percent over the same period, with some 6.5 million households exceeding that threshold.
Posted on: Thu, 24 Oct 2013 15:43:50 +0000
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