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With the national average rent of $1,739 for a 900-square-foot apartment, per RentCafe, low-wage earners can’t ... Fair market rent for a 1-bedroom apartment: $1,653. Income needed to rent ...
Studies show that low-income residents are more heavily impacted by rising rents. Nationally, between 2000 and 2017, the percentage of income that Americans without a college degree spent on rent ...
The real estate market experienced notable transformations in 2024. RentCafe leveraged its data to provide renters with a comprehensive understanding of the latest market dynamics entering 2025 ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
In 2017, the new Atmosphere apartment building in downtown San Diego drew attention when it announced that it would be offering 205 apartments to low-income residents. [57] Residents pay their portion of rent through Section 8 vouchers, and many of the apartments are available only to families who make 30% or less of the median income of the ...
The data below is for annual median household income in the 50 states, the District of Columbia, and Puerto Rico — the data is based on 2013–2017 American Community Survey data from the U.S. Census Bureau; populations are also from the 2013–2017 American Community Survey.
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