Giving Compass' Take:

Individuals from low-income are still finding it difficult to afford housing, and evidence is showing that it is not getting easier to find places to live.

Housing affordability not only affects low-income families, but also median income families. Policymakers should worry about the most vulnerable, but how will they also address the effects on other household income levels?

Read more about the housing affordability gap.


Evidence continues to pile up revealing that housing affordability is getting worse, particularly for low-income households. One of the latest examples, an analysis by Freddie Mac, examines rent changes for a sample of apartment buildings that the company financed at least twice between 2010 and 2016.

The data also hint that declining affordability isn’t just a problem for poor Americans.

The bottom line: it wasn’t easy for poor families to find an apartment they could afford in 2010 – in fact, only 11.2 percent of unsubsidized apartments were affordable to very low-income households – and matters have gotten worse. In 2016, only 4.3 percent of units still met that standard. The data from Freddie Mac suggest three other notable, troubling facts.

Overall, 90 percent of apartments are still affordable to families in the middle of the income distribution, but the trend is worth noting. Even more important, there were very large declines in the share of apartments affordable to typical families in some states – see Florida and California. Which leads me to the next point…

If you aren’t rich, don’t move to California. Or maybe Florida either.

Read the full article on housing affordability by Jenny Schuetz at Brookings