Eleven million renter households with extremely low incomes (those with incomes at or below the poverty line or 30 percent of the area median income (“AMI”), whichever is greater) account for 25 percent of all renter households and nine percent of all U.S. households, according to the National Low Income Housing Coalition. Extremely low-income renters in the U.S. face a shortage of approximately seven million affordable and available rental homes with only 36 affordable and available homes in existence for every hundred extremely low-income renter households, according to the report.

Adjusted for inflation, from 2001 to 2018, the median renter household income increased just 0.5 percent while rents climbed by almost 13 percent, according to the Center on Budget and Policy Priorities.

Last Updated on June 20, 2022 by Ramin Seddiq