
Improve Housing Affordability
As measured by the percentage of households who spend more than 30% of their income for housing
Why Is This Important?
Metric Definition
Data presented is the percentage of households that earned < $75,000 in the past 12 months and spent >= 30% of their household income on housing costs. Monthly housing costs include mortgages; real estate taxes; fire, hazard, and flood insurance on the property; utilities, and fuels.
Data source: U.S. Census Bureau - American Community Survey
Analysis
Housing affordability for households earning less than $75,000 per year has remained fairly consistent from 2015 to 2019. In 2019, about 43% of households earning less than $75,000 spent 30% or more on housing costs.
Current Status
Learn More
For more information on the programs and services offered by Oakland County, please visit the Neighborhood & Housing Development Office.