Who Can Afford to Rent in California’s Many Regions in 2023?

Wednesday, November 15, 2023

California's Experts on Affordable

Housing Finance, Advocacy & Policy

Who Can Afford to Rent in California's Many Regions in 2023?

A new report from the California Housing Partnership finds that rent affordability has improved modestly for California’s moderate- and low-income households but housing remains out of reach for the lowest income households. Other report highlights include:

1.21 million extremely low-income households cannot afford average rents in any county
Very low-income households (50% AMI) can only afford average rents in 7 counties
Lower-income households (60% AMI) can afford average rents in 18 counties
Low-income households (80% AMI) can afford average rents in 46 counties
Median-income households (100% AMI) can afford average rents in 56 of the 58 counties
72% of zip codes are affordable to median-income households, while only 42% of zip codes are affordable to low-income households

View the Report

The analysis concludes that state and local leaders should continue to prioritize scarce affordable housing resources for Californians at the lowest income levels first or risk further increasing the number of households living in poverty or without a home.

To learn more about the data contained in this report, please contact Matt Alvarez-Nissen (mnissen@chpc.net), Senior Research/Policy Associate at the California Housing Partnership.

To learn more about the policy recommendations contained in this report, contact Mark Stivers (mstivers@chpc.net), Director of Legislative and Regulatory Advocacy at the California Housing Partnership.

About the California Housing Partnership

The California Housing Partnership creates and preserves affordable and sustainable homes for Californians with low incomes by providing expert financial and policy solutions to nonprofit and public partners. Since 1988, the Partnership's on-the-ground technical assistance, applied research, and legislative leadership has leveraged $34 billion in private and public financing to preserve and create more than 90,000 affordable homes. | chpc.net

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