
From https://rentrentier.com/the-collapse-of-housing-affordability/
“Affordable” means rent is not more than 30% of household income.
Based on analysis of US Census and ACS data from IPUMS USA. To calculate the proportion of units: Data is split into submarkets by state and bedroom count. The proportion of units affordable at each income percentile is calculated. The numbers for the submarkets are then combined as a weighted average, weighted by the proportions of renters in that income percentile in each submarket. Visualization made with datawrapper.
Posted by rentyrentier
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Based on analysis of US Census and ACS data from IPUMS USA. To calculate the proportion of units: Data is split into submarkets by state and bedroom count. The proportion of units affordable at each income percentile is calculated. The numbers for the submarkets are then combined as a weighted average, weighted by the proportions of renters in that income percentile in each submarket. Visualization made with datawrapper.de
Basically, anyone below 60% has proportionately fewer choices, which is interesting.
If this was done for homes for sale, based on implied mortgage payments, I suspect it would be basically anyone below 90% having proportionately fewer choices.
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