Austin is the most expensive city in Texas for paying rent and buying a home, according to a study released by the Washington D.C. based Center for Housing Policy.
The study “Paycheck to Paycheck” compares and ranks costs in more than 200 metro areas in the United States and ultimately concludes homeownership is still unaffordable for many workers despite low interest rates and steep drops in home prices.
Austin ranks as the 65th most expensive U.S. rental market and the 73rd most expensive homeownership market of all metro areas studied. The center studied data provided by the National Association of Home Builders, the National Association of Realtors and the U.S. Department of Housing and Urban Development
So what does this mean??
Due to the high housing costs in Austin, there are tens of thousands of families living in substandard, overcrowded, or cost burdensome housing.
Families like the Sentenas. Joanna Sentena’s son vividly remembers the rodents they found in a box of brownie mix in their apartment. This past Saturday, we raised the walls on Joanna’s new home. But there are countless families like the Sentenas still in section 8 housing…..waiting.
We have to keep building.
Support Austin Habitat by donating, volunteering, or advocating today.
Shelter is a basic human need, and everyone deserves a decent place to live.
Join us in the fight against poverty housing.
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