Homeless News
High Rates Of Homelessness Attributed To Lack Of Affordable Housing
A new study reveals a correlation between escalating home prices and an increase in homelessness rates across U.S. metropolitan areas, shedding light on the complex dynamics between housing affordability and homelessness.
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Keeping in mind the limited housing supply, there is a clear connection between high rates of homelessness in America’s biggest cities and a lack of affordable housing.
Cities with high home values tend to experience more homelessness. The rate of homelessness is 2.5 times higher in areas with higher home values than the areas with lower home values.
The average homeless rate is 207 per 100,000 people in 28 metros with higher than average home values. Likewise, the average homeless rate was 79 per 100,000 people for the 22 metros with lower-than-average home values.
It is the high demand which is leading to the high prices and it is the low supply of affordable housing that is leading to more demand.
The main causes of homelessness are mental health challenges, substance abuse, and the overall cost of housing. The cities having the highest rates of homelessness are California, San Francisco, Los Angeles, Sacramento, California, Seattle, New York, San Diego, Las Vegas, Oregon, Denver, Connecticut, and Phoenix.
The monthly rent in these cities amounts to $700 or higher than the national average i.e. $2274. The cities that have the lowest homelessness rate include Chicago, Pittsburgh, Houston, Detroit, Virginia, North Carolina, and New York.
Despite lower incomes, the residents can afford housing because of the low cost of living.
Article Sources
The content provided in this article draws inspiration and includes quotes from various reputable sources, including news articles, government data, and interviews. Affordable Housing 411 strives to ensure accuracy and credibility, but the information presented may be based on some external sources. We encourage readers to refer to the referenced materials for more in-depth insights and verification.
Lester Demetria. “Home Prices Linked to Higher U.S. Metro Homelessness Rates”. The M Report, July 11, 2023,
Home Prices Linked to Higher U.S. Metro Homelessness Rates – theMReport.com
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