Housing and Community (2009-2018)
Households in this quintile have made income gains, and the number of households that own their homes outright has increased, but two-thirds of owners spend at least 30 percent of their income on housing. Income gains largely benefited homeowners rather than renters, as the share of cost-burdened owners fell from 61 to 45 percent. More than 40 percent of this quintile have lived in their current home less than two years. Among those who have moved in the past year, 35 percent moved from another state and a quarter from another country.