Housing Statistics
- Connecticut's housing market is tight, with vacancy rates that are 50%
below the national average. 1
- Rent levels are climbing dramatically and have far exceeded the increase
in income levels. 2
- There is a housing supply shortfall in Connecticut of at least 67,915
units affordable to households between 0-80% of area median income. 3
- The median value of a home is $157,000, requiring a monthly mortgage
payment of $1,265-unaffordable to 60% of Connecticut households. 4
- Rural areas are becoming less affordable; Connecticut's combined non-metropolitan
areas experienced the third greatest rise in housing costs in the nation.
5
- Connecticut has 808,620 pre-1978 housing units likely to contain some
lead-based paint. 284,110 of these homes are projected to pose lead-paint
health hazards. 6
- Every $10 million of public investment in affordable housing generates
1,901 new jobs paying $60,581,500 in total wages. 7
1 Housing Vacancy and Homeownership Annual Statistics, U.S.
Census Bureau, 2000.
2 State of Connecticut Consolidated Plan, FY 2000-2004, Department
of Economic & Community Development.
3 Report of the Blue Ribbon Commission to Study Affordable Housing,
2000.
4 Home Sweet Home, Center for Community Change, 2001.
5 Out of Reach, National Low Income Housing Coalition, 2001.
6 State of Connecticut Consolidated Plan, FY 2000-2004, Department
of Economic & Community Development.
7 Home Sweet Home, Center for Community Change, 2001.
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