Cost of Home

Cost of Home 2019-06-12T15:22:38-06:00

Housing in the nation

Families all across the United States are paying too high a price to cover the cost of home. Rents and homeownership costs are skyrocketing, while wages are not keeping pace. Far too often, families struggle to make ends meet. Everywhere you look — cities, suburbs, rural areas — the stability that home should bring remains out of reach for far too many families. At Habitat for Humanity, we know that a family should never have to spend more than 30 percent of their income on a home. But consider that today nearly 19 million U.S. households pay half or more of their income on a place to live.

Learn more about the positive impact homeownership has on Colorado families.

Colorado Impact

Learn more about nationwide efforts being made to make the cost of home something we all can afford.

Nationwide Impact

Sources:

2018 State Housing Profiles. National Low Income Housing Coalition. http://nlihc.org/library/shp. (2018).

National and State Housing Fact Sheets and Data. Center on Budget and Policy Priorities. https://www.cbpp.org/research/housing/national-and-state-housing-factsheets-data. (2017).

Out of Reach. National Low Income Housing Coalition. http://nlihc.org/oor. (2018).

Renter Cost Burdens, States. Joint Center for Housing Studies of Harvard University. http://www.jchs.harvard.edu/ARH_2017_cost_burdens_by_state_total (2017).

The State of the Nation’s Housing 2018. Joint Center for Housing Studies of Harvard University. http://www.jchs.harvard.edu/sites/default/files/Harvard_JCHS_State_
of_the_Nations_Housing_2018.pdf (2018).