High housing costs, a potential end to a moratorium on evictions and prolonged unemployment have many Americans worried about keeping a roof over their heads. We found that nationwide, nearly 33% of people (1 in 3) are worried they will face foreclosure or eviction in the next two months.
- Almost 6% of people are behind on their mortgage payments.
- Alaska, South Dakota and Nebraska have the highest numbers of people facing foreclosure.
- Alabama, Georgia and North Dakota have the highest numbers of people facing eviction.
Nationwide, housing costs have risen by nearly 70% in the last decade. Income, meanwhile, is up only 30% over the same time period. Combine this disparity with record pandemic unemployment and we have a situation where housing has simply become unaffordable for many people.
Our team of analysts found that 8% of Americans are worried they will soon lose their house and another 4.6% are behind on their mortgage payments. Those numbers, however, vary significantly from state to state.
|State||% facing foreclosure||% behind on mortgage payments|
While many people are worried about losing their homes, the threat of eviction looms even larger. Rental prices are rising in suburban areas, and we found 27 states where more than 25% of people say they can’t currently pay rent or are worried they won’t be able to in the next two months.
|State||% at risk of eviction|
Our analysis also found that people of color are having a harder time paying their mortgages. Black and Hispanic communities are nearly twice as likely to be facing eviction than white communities. White communities, however, are less likely to be behind on their mortgage but more likely to be facing foreclosure.
|Race/ethnicity||% facing foreclosure||% behind on mortgage payments||% at risk of eviction|
|Hispanic or Latino||13%||8%||33%|
As troublesome as the data presented in this study is, America’s struggle with affordable housing is a problem that may soon get worse. An increase in unemployment benefits, stimulus checks and a moratorium on evictions kept many people in their homes during the height of the COVID-19 pandemic, but those programs appear to be winding down. President Joe Biden has proposed a $640 billion plan to address a shortage in affordable housing, but the question is, will that be enough?
Foreclosure, rent and mortgage payment information was compiled using data from the Centers for Disease Control and Prevention’s Household Pulse Surveys. Our analysts then broke that data down along state and demographic lines to determine the number of people facing foreclosure or eviction.