Apartment List report: Nearly half of Houston renters live in unaffordable apartments via Houston Business Journal

Nearly half of Houston renters can’t afford to live in their apartment, according to a new national report.

Apartment List, a San Francisco-based online apartment portal, analyzed U.S. Census data from 50 major cities across the country and ranked them by the share of apartment renters who are considered “cost- or rent-burdened.” Apartment residents who spend more than 30 percent of their household income on rent are considered cost-burdened, according to the government.

Nearly half — 49.7 percent — of Houston apartment dwellers were rent-burdened in 2014, the most recent data available from Apartment List. That’s slightly higher than the Texas average of 48.9 percent, but lower than the national average of 51.8 percent.

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