Monday, May 16, 2016

1986-2016 PDX HUD 2 BR FMR vs Median Family Income: Only in Last Decade Has the FMR Growth% Exceeded the % Growth in MFI.

I dug out the Portland HUD FMR and median family income (4 person) histories and prepared a table and a graph below that show that:
  • For twenty years (1986-2006) the % growth in MFI was HIGHER than the % growth of the 2 BR FMR.
  • But, in the last decade (2006-2016) the % growth in the FMR was 7 times the % growth in median family income.
Here's a table with the relevant data

(Not shown: To match the 195% growth in FMR from 1986 to 2016, the 2016 PDX MFI would need to be at $88,700 or 21% more than the $73,300 actual 2016 MFI).

And here's a graph showing the Portland 2 BR FMR/MFI % increases by decade. 
Originally created and posted on the Oregon Housing Blog.

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