July 19, 2023
In this Detroit Metro Times article, Steve Neavling discusses how as real estate prices soar, Detroiters struggle to maintain their homes and communities. Neavline also shares data from Detroit Future City’s brief, American Community Survey. He shares:
In 2021, the most recent year available, 60% of Detroiters spent more than 30% of their income on rent, and 34% spent more than half of their income on rent, according to Detroit Future City, a think tank that develops strategies for a more equitable city. It was the first year in nearly a decade that the number of Detroiters who spent more than 30% of their income on rent has increased.