Inman

Rentership breaks records in 10 year period– almost half are cost-burden

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According a report released by the Joint Center for Housing Studies of Harvard University, rental demand has increased dramatically in the past 10 years. The study found that the U.S. saw its largest gain in any 10-year period from the time between 2005 and 2015, when rentership skyrocketed from 9 million to 43 families.

In Illinois, the share of moderately cost-burden renters in 2014 was 24.1 percent and the share of severely burden renters was 26.9 percent.

In the Chicago-Naperville-Elgin, IL-IN-WI metro area, 49.8 percent of renters are cost-burden.

Interactive map provided by the Harvard Joint Center for Housing Studies