"Study Reveals Record Number of Renters Struggling with Housing Costs Across the U.S."

1 min read
Source: The Texas Tribune
"Study Reveals Record Number of Renters Struggling with Housing Costs Across the U.S."
Photo: The Texas Tribune
TL;DR Summary

A Harvard University study reveals that over half of Texas renters, totaling 2.1 million households, are burdened by high housing costs, with nearly 1.1 million severely cost-burdened, spending over half their income on rent and utilities. The rise in rents has impacted tenants' ability to afford essential expenses and has contributed to eviction filings and homelessness in major metro areas. Low-income households have been particularly affected, with a significant decrease in affordable rental housing units. With federal rent relief funds drying up and eviction protections expiring, the situation is expected to worsen, leading to increased financial strain and housing instability for many Texans.

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