Childrens Report Card

Sacramento County Childrens Coalition

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Housing Affordability

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Housing affects a family’s comfort and quality of life. For families in lower income brackets, the cost of housing is a major portion of the family budget. If housing costs for those families are more than 30 percent of the budget, those expenses are likely to divert resources away from other basic needs such as food, child care, and health care.

 

Median Home Price

family economics 3a
family economics 3b

 

Why is this important?

  • Home-ownership rates are an indicator of a community's economic health, and encourages stability of neighborhoods.

How are we doing?

  • Median home prices in Sacramento County decreased by more than 56% from 2006 to 2012.
  • Between 2012 and 2013, the median home sale price in Sacramento County increased by more than $48,000 or 30%.
  • 2013 is the first year since 2006 that home prices in Sacramento County have shown increased value. 
  • Sacramento County's home-ownership rate (59%) is slightly higher than California's overall (57%).
  • 299,603 (78%) homes in Sacramento County have a mortgage. 

 


Foreclosure

family economics 3c
family economics 3d

 

Why is this important?

According to the First Focus report in 2008, children in households that are foreclosed upon face disruptions in education, peer relationships and social networks, and suffer as a result:

  • Students with 2 or more school changes in the previous year are half as likely to be proficient in reading as their stable peers.
  • Mobile third grade students are nearly twice as likely to perform below grade level in math as compared with those who had not changed schools.
  • School and residential changes can reduce the chances that a student will graduate by more than 50%.

How are we doing?

  • The number of foreclosures decreased in Sacramento County between 2008 and 2011 by 39%.
  • Even with this decrease, more than 11,000 Sacramento County homes went into foreclosure in 2011, a rate of 2.5%.
  • Between 2006 and 2011, more than 66,000 have been foreclosed in Sacramento County. 

 


Income Spent on Rent

family economics 3e
family economics 3f
family economics 3g

 

Why is this important?

  • Disproportionate rent expenses leave families with less to spend on other essential needs, such as food, clothing, and transportation.
  • The inability to afford adequate housing may lead to families living in substandard housing, overcrowded housing, or in otherwise unsafe or unhealthy housing environments.

How are we doing?

The rent burden is far higher for low-income families:

  • In Sacramento County more than 211,000 (41%) of households are renter occupied.
  • 89% (85,622) of households earning less than $35,000 annually pay more than 30% of their income on rent.

 

Data Source for Median Home Sales Price: Sacramento Association of Realtors

Data Source for Foreclosures in Sacramento County: Sacramento County Office of the Assessor

Data Source for Fair Market Rent: Housing and Ubran Development

Data Source for Amount of Income Spent on Rent: U.S. Census Bureau

Last Updated on Saturday, 29 June 2013 12:33  
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