Rent burdens unequal across the Tampa Bay metro area

A new report by Zillow shows affordability discrepancies in the Tampa-St. Petersburg-Clearwater metro area for people of color. According to the report, the term “rent burden” is when households spend 30% or more of their income on rent, making them “housing cost-burdened.” This expense leaves the renter with little to no income for necessities such as food, water, transportation and household bills. In August, the average rent burden nationwide was 30.3%, but this burden is distributed…Original Article