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HousingGroup

Overview

Housing is an essential need and an important component of investment. The housing indicators act as a diagnostic system to detect housing market conditions and provide insights into how residents live and pay their mortgages. The indicators include housing inventory, housing costs and affordability, suboptimal housing, and residential segregation. 

What does this measure?

  • Housing Occupancy and Tenure: Housing units and the relative change in size between housing units by occupancy across a time period and occupied housing units by tenure.
  • Homeownership: The proportion of households that are owner-occupied.
  • Housing Structure: The relative change in size between housing units by structure across a time period.
  • Housing Value: The relative change between housing values across a time period, median house value by census block group, and occupied housing units by value. 
  • Mortgage: Owner-occupied housing units with and without a mortgage and monthly mortgage payment for owner-occupied housing units.
  • Housing Affordability: Occupied households spending as a percentage of total household income, available low-income housing, and hourly wage and annual income needed to afford a 2-bedroom unit at a fair market rent.
  • Suboptimal Housing: Occupied households that live in poor quality and/or unaffordable housing.
  • Residential Segregation: The evenness with which two groups (Black and White residents, Non-White and White residents) are distributed across the areas.
Why is this important?

Housing indicators can help gauge the health of the economy and the wealth of communities. Such indicators can add insights into the local housing needs which can help local officials determine how to address those needs in a housing strategy. 

Data Notes

The data and analysis that are featured on “Housing” use first-party data, where possible in order to minimize potential variations between data points, and to offer more reliable comparison across counties. The data sources are from U.S. Census Bureau, U.S. Department of Housing and Urban Development (HUD), National Low Income Housing Coalition, and County Health Ranking and Roadmaps.

Complete definitions for terms and data sources that are used for Housing can be found in Glossary of Terms and Data Sources pages.