Real estate
BY SHAHERYAR KHAN
‘The rent eats rst’: Most Houston renters face cost burdens
As rent prices in Houston and Harris County have outpaced median household income, the majority of renters are nding themselves bur- dened by housing costs, according to a July 25 report from the Rice University’s Kinder Institute for Urban Research. The specics As of 2021, a majority of Houston and Harris County renter households were spending over 30% of their household income on housing, which researchers said indicates they faced housing cost burdens. When factoring in household size and essential costs, more than 60% of rental households experienced housing cost burdens. Montgomery County also has seen an increase in cost-burdened renter households. According to data from Understanding Houston, an initiative led by the Greater Houston Community Foundation, the number of cost-burdened renter households in Montgomery County increased 28% in 2021.
Percentage of renter households that are cost-burdened Researchers found the majority of Hispanic and Black renters in Harris County spend more than 30% of their household income on housing.
By household type
By race/ethnicity
Hispanic
Single-parent household
Two-parent household
Single-person household
74.7%
Black
66.2%
Asian
38%
82.2%
72.9% 55.4%
White
36.2%
SOURCE: KINDER INSTITUTE OF URBAN RESEARCHCOMMUNITY IMPACT
Houston and Harris County have more renters, according to the Kinder report, while neighboring counties, such as Fort Bend and Montgomery, have more homeowners. In 2021, 58% of Houston households rented homes. Renters are likely to become the majority in the next 20 years, according to the report. On the other hand, Montgomery County has a high homeownership rate, with 72% of households owning their homes.
Diving in deeper Stating in the Kinder report that “the rent eats rst,” researchers said rental aordability is not only a factor of the monthly rent costs but also the living costs for the people in that household. The data shows that rent burdens impact house- holds with children more signicantly. About 82% of single-parent households and 73% of two-par- ent households with children are cost-burdened.
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