Thursday, August 26, 2010

US Census Statistics on Renting

US Census Bureau Statistics on Housing Regarding Renters

According to the 2009 American Housing Survey the median amount of rent is $808 vs the medial housing cost for property owners is $1000. This means it is still cheaper to rent than it is to own which is good for our industry. However, the bad news is that the renters devote 31% of household income to housing costs vs 20 % for property owners.

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