JCHS: Low-Cost Rentals Have Decreased in Every State

From the Joint Center for Housing Studies (JCHS):

"The supply of low-cost rentals fell by 3.9 million units over the last decade, according to our latest State of the Nation’s Housing report. As a new interactive tool released in conjunction with the report shows, the supply of low-cost rentals decreased in every single state, leaving lower- and middle-income renters with even fewer housing options they can afford."

The article can be viewed here, where research analyst Sophia Wedeen dives into the history and potential causes of this decrease. Wedeen additionally takes a deep dive into a few states, including Texas, California, and Ohio.

The JCHS 2023 State of the Nation's Housing report is available here and includes state level information on home price growth, supply of low-cost rentals, renter cost burdens, and more.