Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

8,666
Posts
4,017
Votes
Jon Klaus
  • Developer
  • Garland, TX
4,017
Votes |
8,666
Posts

One in four renters spends half their income on housing

Jon Klaus
  • Developer
  • Garland, TX
Posted

Spending half their income on housing 

Do you  have any tenants that spend half their income on housing?   What issues has it caused?

Most Popular Reply

User Stats

13,455
Posts
8,358
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,358
Votes |
13,455
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

@Jon Klaus - the article in the link you posted does not say 50% of income goes toward rent; it says 50% of income goes toward housing, where housing is rent plus utilities. A bit different from the message in the topic title. 

I try to stay with the numbers that HUD has in place as affordable for Section 8 even though a unit isn't getting a Section 8 tenant - 30% of income toward rent (income roughly 3x rent), with no more than 40% of income toward rent (income at least 2.5x rent). Those HUD numbers are from statistics taken from lots of housing units all over the place, and no single one of us could gather that data from our own units.

Loading replies...