Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Survey Finds More Households Renting And At High Costs

WASHINGTON (UPI) — Rental vacancy rates in the United States fell from 2009 to 2011, while the share of households renting homes rose, the Census Bureau said Tuesday.

Rental vacancy rates fell from 8.4 percent to 7.4 percent in two years, the American Community Survey found.

Vacancy rates dropped, while the share of U.S. households “that rent rather than own” a home increased from 24.1 percent to 35.4 percent.

The survey also found that “more renters are spending a high percentage of their household income on rent.”

“In this report, renters spending 35 percent or more of household income on rent and utilities are considered to have high rental costs,” the Census Bureau said.

And that percentage rose. In 2009, 42.5 percent of renters were considered to be categorically paying high housing costs. By 2011, that had grown to 44.3 percent, the report said.

“While we saw a decrease in rental vacancy rates and pricing in some areas, the burden of rental costs on households increased across many parts of the nation,” said Arthur Cresce, assistant division chief for housing characteristics at the Census Bureau in a statement.

“Factors such as supply and demand for rental housing and local economic conditions play an important role in helping to explain these relationships,” Cresce said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Survey Finds More Households Renting And At High Costs”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.