Last week the Harvard Joint Center for Housing Studies published a working paper HERE showing state level estimated changes in rental units at various rent levels from 1990-2017. (The paper details sources and methods used to make these calculations).
Table 3 of the working paper shows that from 1990-2017 there was an estimated national loss of 3,991,906 units priced below an inflation adjusted monthly rent of $600 , declining from 46% of all rental units in 1990 to 25% in 2017. Table 4 shows that during that same period nationally there were 10,917,700 units (rounded) ADDED.
For units priced below an inflation adjusted $1,000 the national estimate in Table 3 is that 612,663 units were lost, declining from 78% of all units in 1990 to 60% in 2017.
I took Table 3 data and prepared the PDF HERE and embedded below, focusing on the change in the share of units priced below an inflation adjusted $600 and $1,000 and the sorted state rankings (from worst to best in terms of their share of rental units affordable at these rent levels) in 1990 and in 2017. (My PDF is formatted in landscape so you may have to scroll right to see all columns).
For Oregon
Units Priced Below Inflation Adjusted $600
CHANGE 1990-2017: Loss of 113,291 units.
(Note that Table 4 shows a total INCREASE of 163,600 rental units (rounded) in Oregon for the same period).
1990: 51% of all rental units; Oregon ranked 28th.
2017 16% of all rental units; Oregon ranking dropped to 40th.
Units Priced Below Inflation Adjusted $1,000
CHANGE 1990-2017: Loss of 52,236 units.
(Note again that Table 4 shows a total INCREASE of 163,600 rental units (rounded) in Oregon for the same period).
1990: 90% of all rental units; Oregon ranked 26th
2017 56% of all rental units; Oregon ranking dropped 37th
Note that Oregon had a higher share of rental units at both rent levels in 1990 that the national total, but a lower share in 2017.
Originally created and posted on the Oregon Housing Blog.
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