Did You Know...
There are almost 16 million Americans spending 50% or more of their income on housing.
1-in-3 American households spends more than 30% of their income on housing and 1-in-7 spends more than 50%.
There is not a single county in the country where a full-time minimum wage worker can afford even a one-bedroom apartment at what HUD determines to be the Fair Market Rent.
Children of homeowners are more likely to stay in school (by 7-9%) and daughters of homeowners are less likely to have children by age 18 (by 2-4%).
Homeowners are more likely to be satisfied with their homes and neighborhoods, and are more likely to volunteer in civic and political activities.
Fair Market Rent in the cities of Charleston and North Charleston are as follows:
Efficiency: $628
One Bedroom: $696
Two Bedroom: $787
Three Bedroom: $1,025
Four Bedroom: $1,194
Average Charleston Habitat monthly mortgage payment: $350-$450
