The National Low Income Housing Coalition published its annual “Out of Reach” report, finding that rental housing needs are worsening.
There is no state in which the typical minimum-wage worker charting a 40-hour week can afford to rent a modest two-bedroom apartment. Furthermore, that same worker couldn’t afford a one-bedroom rental in 99 percent of counties in the United States. That is according to an annual report published recently by researchers at the National Low Income Housing Coalition, which looked at rental costs in counties and metro areas nationwide.
The hourly wage necessary to afford a two-bedroom rental at fair market rent is $21.27, more than the $18.42 needed to rent in the state overall and less than the national wage of $22.96 in the Forsyth County area.
There is no better time to buy a new home than now. Call Marie at the Dinsmore Team @ 770-712-7789.
