Monday, September 26, 2011

New Census Data: Housing Stats


According to new Census data released last week:

- Nationally 53.0 percent of renters spent 30 percent or more of their household income on housing in 2010. That number was 51.9 percent in 2009 and 50.0 percent in 2008. National median household incomes dropped in 2010 and rents increased because demand for rentals increased. Rents are forecasted to rise 4.0 percent in 2012, according to Zillow.

- 60.40 percent of renters in Florida spent 30 percent or more of their household income on rent in 2010 and that was the highest percentage in the nation (California was second at 57.2 percent and Hawaii was third with 56.2 percent).

- 48.8 percent of Florida homeowners spent 30 percent or more of their household income on housing in 2010. Nationally that number was 38.0 percent, meaning that Floridians spend more of their income on housing than the national average.

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