Households pay 24 percent of their total income for housing on average. The average expense: $927 a month.
Renters generally pay less in housing cost ($845 versus $1,008 for owners per month), but they usually pay a higher percentage of their household income than owners (31 percent versus 20 percent).
Twenty percent of recent movers identified convenience to their work as the most important factor in choosing a neighborhood.
So says the Census Bureau in its 2011 American Housing Survey, the latest year for results.
If you’d like more tidbits on the nation’s 115 million occupied homes, read on. For example, questions about safety, health hazards and accessibility demonstrate that 64 percent of houses have (more…)