Subscribe
Home News Releases 2.7MM Renters Faced Eviction Last Year, Redfin Estimates; Rising Housing Costs Precipitate Increases in Eviction Rates
News Releases

2.7MM Renters Faced Eviction Last Year, Redfin Estimates; Rising Housing Costs Precipitate Increases in Eviction Rates

December 13, 20162 Mins read487
Share
Housing Costs, Redfin, Eviction rates Neighborhoods where people spent the largest portions of their income on rent saw the biggest year-over-year increases in families being evicted in 2014 SEATTLE--In 2015, an estimated 2.7 million Americans faced eviction, according to Redfin (www.redfin.com), the next-generation real estate brokerage. In order to attain this figure, Redfin analyzed more than six million eviction records across 19 states where data was available provided by American Information Research Services, Inc. to predict the number of evictions for each U.S. county as well as the country at large. Redfin also examined the effects of rising home prices at neighborhood and metro levels on local eviction rates. Redfin found that neighborhoods with the highest median rent-to-income ratios had much higher eviction rates (evictions per renter household) than neighborhoods where residents spent less of their income on rent. The data also revealed that the 15 metros with the biggest increases in the portion of income spent on rent from 2011 to 2014 (an average increase of 5.8%) experienced a 3.8 percent increase in the number of evicted families from 2013 to 2014. The other 56 metros, taken together, experienced a slight decline in evictions (-1.4%)—supporting the idea that growing housing costs precipitate higher rates of evictions. “Evictions are a silent threat to America’s cities. As alarming as Redfin’s finding on evictions is, it likely undercounts the true number of families forced out of their homes each year since many evictions happen outside the court system,” said Redfin chief economist Nela Richardson. “More families are renting than ever before, and roughly half of them are spending too much of their income on rent. Stagnant wages, a lack of affordable housing and escalating rents means that many families are living just a paycheck or two away from facing eviction, which can often lead to job loss or even homelessness. This is a national crisis that requires national attention.” This growing number of evictions in cities where rents are rising faster than incomes is symptomatic of a national affordability crisis. As of 2015, more than 20 million renters—more than half of all renters in the U.S.—were cost burdened, meaning they spent at least at least 30 percent of their income on rent. That’s up from almost 15 million in 2001. And while rents have risen 66 percent since 2000, household incomes have only risen 35 percent. In some parts of the country, especially the coasts, more housing supply could make housing more affordable and ease the eviction rate. Other metro areas would need to see higher wage growth. A measure to ensure tenants being evicted have legal representation has proven successful at reducing the eviction rate in New York City, and other cities are looking to enact similar policies. To read the full report, complete with an infographic as well as data and charts, please visit: https://www.redfin.com/blog/2016/12/millions-of-renters-face-eviction-why-todays-housing-market-is-partially-to-blame.html. About Redfin Corporation Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the highly accurate automated home-value estimate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $31 billion in home sales and saved customers more than $335 million in fees through 2015. For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center.
Share

Neighborhoods where people spent the largest portions of their income on rent saw the biggest year-over-year increases in families being evicted in 2014 SEATTLE--In 2015, an estimated 2.7 million Americans faced eviction, according to Redfin (www.redfin.com), the next-generation real estate brokerage. In order to attain this figure, Redfin analyzed more than six million eviction records […]

Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content.

Share
Previous post Harsch Welcomes CityMD to Pavilions II Shopping Center

2026 Pacific Northwest CRE Rising Stars

PNW CRE Rising Stars

Featured Posts

Microscope close up

Seattle NIH Funding Slips to $1.2B as Federal Budget Fights Test Research Lab Landlords

ByOctober 15, 2026


Recent Posts

money roll

Active Puget Sound Industrial Buyer EQT Adds Stockbridge in Deal Worth Up to $550MM

ByOctober 15, 2026
Wood factory

Portland State Opens $90MM, 98,000 SQFT Mass Timber Art Building on South Park Blocks

October 15, 2026
Port with a ship and cranes

CenterPoint Leases 4.16-Acre Rail-Served Port of Tacoma Yard on Marc Avenue as SR 167 Opens Nearby

October 15, 2026
Microscope close up

Seattle NIH Funding Slips to $1.2B as Federal Budget Fights Test Research Lab Landlords

October 15, 2026
Portland skyline with the Colubia River

Former Ziba Design Headquarters at 810 NW Marshall in Portland’s Pearl District Sells to Owner-User

October 15, 2026
Related Articles
Seattle_skyline-RegistryLogo-2
News Releases

Cordillera Homes Completes Concrete Core, Begins Framing at Kirkland’s First New Condos in Decades

Completion of Concrete Structure and Start of Wood Framing Mark Significant Progress...

ByAugust 23, 2026
Seattle_skyline-RegistryLogo-2
News Releases

34-Unit Crown Point Apartments Trades for $4.78MM in Southeast Portland

HFO Investment Real Estate closes sale in Southeast Portland PORTLAND, Ore. HFO...

ByAugust 22, 2026
the registry template
News Releases

Goldman Sachs Announces Agreement to Acquire LCN Capital Partners

Leading independent triple net lease (NNN) platform across North America and Europe...

ByAugust 18, 2026
yu-gui-gI1kLppba9k-unsplash-seattle park
CommercialIndustry NewsLeasingNews Releases

Davis Wright Tremaine Renews 112,000 SQFT Lease at BXP’s Madison Centre in Seattle

Long-Term Renewal in DWT’s Founding City SEATTLE – BXP (NYSE: BXP), the...

ByJuly 30, 2026
© Copyright 2024 Jellywp. All rights reserved powered by Jellywp.com