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Housing Unaffordability Soared to New Highs in 2024

Joint Center for Housing Studies

The number of cost-burdened households rose to record highs in 2024 as housing affordability remained a widespread challenge. According to Center estimates of newly released American Community Survey data, 43.5 million households were cost burdened in 2024, dedicating more than 30 percent of their income each month to housing costs.

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