Indicator: Percent of Households Paying Over 30% of Income for Housing
Data and Data Discussion provided by King County Benchmark Program
Sustainability Snapshot:
Increasing numbers of King County households are paying more than 30% of their annual income on housing, the common definition of affordable housing. As this cost burden intensifies for both homeowners and renters, it becomes increasingly difficult to pay for necessities such as food, clothing, education, transportation and medical care. While middle-income households are hit hard by the escalating costs and sacrifices, lower-income individuals and families are particularly stressed with wide-ranging impacts on the health and well-being of those barely making ends meet.
Sustainability Trend:
The percent of King County households - both home owners and renters - spending more than 30% of their income on housing has increased over the last 25 years.
Data Discussion
- collapse all
Additional Resources
- Housing Prices and Affordability
Trends in the national housing sector have shown a substantial cool down over the last year, with home prices in several previously overheated metropolitan area markets stabilizing and even declining in some places. These national trends have begun to have some impact within the Central Puget Sound region, but relative to other metropolitan areas across the U.S., the housing market here remains quite robust. This issue of Puget Sound Trends takes a look at recent trends in local housing prices and its impact on affordability in the region.




