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 5% of people are behind on their mortgage payments.
- California, Vermont and Louisiana have the highest numbers of people facing foreclosure.
- Alabama, Kentucky and South Carolina have the highest numbers of people facing eviction.
- Nearly 51% of people who are already behind on their rent feel that they will lose their home within the next two months
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 5% 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 19 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|
The threat of eviction is even more real for people who are already behind on their rent. We found that 25% of people are behind on their rent in Kentucky. And of those 25%, 61% say they will likely be evicted in the next two months. More than 75% of people who are behind on their rent in Arkansas, North Dakota, Louisiana, Tennessee, Idaho and Indiana fear they will also lose their homes in the next two months
|State||% behind on rent||% of people who are behind on rent facing eviction|
Our analysis also found that people of color are having a harder time paying their mortgages and rent. Black and Hispanic communities are significantly more likely to be facing eviction and foreclosure or be behind on their mortgage. We also found that while the financial position of black and Hispanic communities has stayed largely the same throughout the pandemic, white communities have seen their risk of eviction or foreclosure decline.
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 United States Census Bureau’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.
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.