The number of working households struggling to make rent or mortgage payments in the Charlotte area increased 4 percent between 2008 and 2009, according a Center for Housing Policy “Housing Landscape 2011” report released today.
In the Charlotte-Gastonia-Concord area, 62,542 households experienced a severe housing-cost burden in 2009, meaning they spent more than half of their income on housing costs. That’s 21 percent of the 302,682 households in the area, up from 17 percent in 2008.
In North Carolina, 20 percent of the 1.5 million working households, or 293,728, experienced a severe housing-cost burden in 2009, up from 17 percent in 2008.
Nationally, 10.5 million, or 22.8 percent, of working households had a severe housing-cost burden in 2009. That’s 600,000 more households than in 2008, despite a drop of 1.1 million in the overall number of working households, the report says.
The CHP is the research affiliate of the nonprofit National Housing Conference, which is based in Washington, D.C.