Only 32.1% of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2% in 2022 and 50.4% in 2012, according to an analysis from Redfin released Wednesday
A shortfall in housing production is making homes ever more unaffordable for modest-income households, according to Harvard's Joint Center for Housing Studies
Report highlights mismatch between wages and rent prices