Report: Las Vegas, Houston Top List of Least Affordable Cities

The report assesses the availability of affordable rental units for low-income households.

1 minute read

March 22, 2024, 8:00 AM PDT

By Diana Ionescu @aworkoffiction

Houston, Texas skyline.

Houston, Texas. | Kovcs / Adobe Stock

A new report from the  National Low Income Housing Coalition reveals that “Houston has the second-most severe shortage of rental homes that are affordable to extremely low-income households,” with Texas tying for third-worst among states.

Roy Kent describes the study in Urban Edge, noting that “ the Houston-The Woodlands-Sugar Land metro area has just 15 affordable and available rental homes per 100 renter households. That means there is an 85% deficit in affordable housing options.”

The Houston area was second to the Las Vegas-Henderson-Paradise metro area in lack of affordability. Other Texas metros also make the list: Dallas-Fort Worth-Arlington came in third, while Austin-Round Rock-Georgetown ranked 10th.

Nationwide, there is a shortage of roughly 3.9 million affordable rental homes. “In the 2022 State of Housing in Harris County and Houston report, researchers found that skyrocketing prices for purchasing and renting have kept low-income renters in a cycle of being unable to attain homeownership.”

Tuesday, March 19, 2024 in Urban Edge

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