Build and improve more homes so that high-quality, safe and affordable housing options are equitably available to all current and future residents.
Percent of Renter Households that Spend 30% or More of their Income on Housing-Northwest Region
Current Value
45.4%
Definition
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Comparison
Why Is This Important?
This indicator measures the number of renter households with gross rent of 30% or more of income as percentage of all renter households.
The financial burden of paying a mortgage or rent, insurance, property taxes, utility expenses and other housing related costs is considered un-affordable when these costs are greater than 30% of a household's income. These households are at much higher risk of foreclosure, eviction, homelessness, or frequent moving--all of which harm residents and the community.