Tuesday, December 20, 2016

Housing Affordability Still A Challenge In CT

Affordability remains a challenge for a state with the sixth-highest housing costs in the nation, according to an update from the Partnership for Strong Communities. Connecticut’s median monthly housing cost, at $1,398, after only Hawaii at $1,533; New Jersey, Maryland, California, and Massachusetts.

The nationwide median is $1,009. Some 49% of renters and 30% of homeowners are “burdened” paying more than 30% of their income toward housing costs, according to the U.S. Census Bureau.

Source: CT Mirror, 12/15/16, CT Housing Costs

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