You may be surprised to find out that many low income families in America use at least half of their paychecks on rent. But, the NPR is looking into what they are calling an affordable housing crisis as Central Ohio’s rental market is booming. The rising rent in Ohio has led to more evictions in Columbus and many Columbus movers are hoping to not be a part of the statistic.
Franklin County has about 19,000 eviction notices filed each year. That’s by far the highest rate in the state. Last year about two-thirds of these cases resulted in a court ordered eviction; other tenants were able to strike deals with their landlords either to move out voluntarily or payoff their debt to stay.
A lot of people are falling behind on their rent says Reed Jordan, a researcher at the Urban Institute, a D.C. economic think tank, says what’s happening in Columbus is affecting plenty of U.S. cities. “If you’re paying too much on housing you’re going to sacrifice in a lot of areas,” said Jordan.
Food and Healthcare is taking a backseat for most Columbus movers because rent is so high. According to research by the Urban Institute, Columbus has more than 59,000 “extremely low-income rental households,” all making around 20,000 a year. Only a quarter of them will find an affordable rental unit. Most will wind up paying more than they can afford and that means they’re more likely to fall behind on rent.
If you are planning to move to Columbus, make sure that you are aware of everything that comes with renting a home and that you can afford all living expenses including rent.