Percentage of Homes Sold at Affordable Price
Current Value
34%
Definition
This measure shows the percentage of homes sold in Maryland that were affordable on the median teacher's salary. Affordable housing is defined as housing that costs less than 30% of household income.
Story Behind the Curve
Data Definition and Methodology: This measure shows the percentage of homes sold in Maryland that were affordable on the median teacher's salary. Affordable housing is defined as housing that costs less than 30% of household income.
Data for this measure comes from the Maryland Department of Planning (MDP).
Public Health Significance: Where individuals can afford to live and how much they spend on housing can impact the health of their households. Families contributing a high percentage of their incomes to housing costs are more likely to sacrifice other expenses such as food and healthcare.
Additional Resources: