With the US homeownership rate at its lowest since 1967, the US renter population is the largest it has ever been, and now stands at 43 million households. With rents increasing much faster than incomes, however, renters in cities across the US increasingly struggle with housing affordability.
- San Francisco rents have increased significantly from 2007-2014 by 33 percent increase
- Median renter incomes have mostly kept pace increasing by 27 percent during that same period
- the national average is 52 percent and the state 57 percent