NewsMaking It In San Diego


Making It in San Diego: Housing insecurity a growing concern

Posted at 10:05 AM, Jan 13, 2019
and last updated 2019-01-13 13:07:00-05

SAN DIEGO (KGTV) -- Housing insecurity in the San Diego and across the United States is a growing concern, according to a new report from Zillow.

The housing site reports that, in 2017, more than half a million Americans were homeless.

Though homelessness may not come as a shock to many San Diegans, the report points out that many people are simply an emergency away from living on the street themselves.

According to the study, only 52 percent of renters would be able to cover an unexpected expense of $1,000 or more.

RELATED: Mortgage, rent burden continues to rise in San Diego

Gen X renters, or people between the ages of 39 and 53, are the most vulnerable with only 44 percent able to cover a $1,000 hit.

In 2018, a Zillow report pointed out how cost-burdened San Diego renters and homeowners are.

San Diegans considered low-income ae spending nearly 68 percent of their income on mortgages while low-income renters could be spending nearly 95 percent of income on rent.