Monday, January 07, 2013

HUD: Renters get more bang for their buck

The Housing Wire reports:
On average, households pay $927 per month, or 24% of their household income for housing. The cost is higher for residents of new construction, with median cost of $1,340 per month, or 24% of household income. Renters on the other hand, generally pay less in housing costs at $845 per month.