Affordability of Rental Housing for Median Owners/Renters

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In addition to the affordability index and components based on median household income, a Rental Affordability Index based on median owner income and a Rental Affordability Index based on median renter income are provided. These indexes reflect affordability of rental housing at both median owner and renter incomes. (Based on the gross rent, including utilities, for the median unit rented).

This chart shows the trend over time of affordability of rental housing based on the median owner and renter income. Quarterly data are shown at the median owner income which represents the percent of the median household income of owners required to occupy the median rental unit and the percent of median renter income to occupy the median rental unit.

What percentage of a typical renter’s income is needed to afford a typical rental-housing unit?

Affordability of Rental Housing at Median Owner and Renter Incomes

  At Median Owner Income    At Median Renter Income

% of
Income
Required
to Afford
Housing
By Quarter

Missing points = Data not available.
Sources: U.S. Census, American Community Survey and Virginia Tech Center for Housing Research.

Statewide Map of Rent Housing Affordability at Median Owner Income

This map, for the most recent quarter, shows the affordability of the typical rent unit based on the median household income of owners for Virginia Counties and Independent Cities. The map allows for a visual comparison of housing affordability of rent units at the median income of owners for localities in Virginia. More intense red color indicates a higher index (meaning a larger percent of household income is needed for housing). Grey color indicates that data is not available. Move mouse over the map to see the percentage values for individual localities. Use the sliders at the bottom of the map to select a range of values to display (the default is all, 0%-100%).

Statewide Map of Rental Housing Affordability at Median Renter Income

This map, for the most recent quarter, shows the affordability of the typical rent unit based on the median household income of renters for Virginia Counties and Independent Cities. The map allows for a visual comparison of housing affordability of rental units at the median income of renters for localities in Virginia. More intense red color indicates a higher index (meaning a larger percent of household income is needed for housing). Grey color indicates that data is not available. Move mouse over the map to see the percentage values for individual localities. Use the sliders at the bottom of the map to select a range of values to display (the default is all, 0%-100%).

 


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