Rental Housing in Rural America
In this Rural Research Note, HAC gives an overview of rental housing and renters in rural America. There are more than 17 million people living in approximately 7.1 million renter-occupied homes in rural communities. Nearly 43 percent of rural renters occupy single-family homes – twice the rate of urban renters. Slightly fewer rural renters (41 percent) live in structures of two or more apartments. Housing affordability problems are especially problematic for rural renters. A full 47 percent of rural renters are cost burdened, and nearly half of them are paying more than 50 percent of their monthly incomes for housing. With demographic transformations, the need for adequate and affordable rental housing looms large for many rural communities. Affordable rental options are vitally necessary, yet in short supply in rural America.