Why This is Important
This measurement is related to home owners with mortgages. While home owners with no mortgage generally have lower housing related costs, those with mortgages may have very high housing costs that compare with or even exceed rental costs.
About the Data
This includes selected monthly ownership costs such as mortgage or similar debts, taxes, insurance, utilities, and condo or homeowners fees.
As with all measurements from the American Community Survey in the Neighborhood Compass, this data represents 5 years' worth of surveying. With each annual update, the 5-year period advances by dropping one year and incorporating the next. For this reason, annual releases of this measurement are not suitable for true time series comparison until no overlap exists among the survey periods.
Source: American Community Survey (ACS)
|Resource||Learn More and Take Action|
|Reinvestment Partners||Reinvestment Partners promotes community wealth and individual financial literacy through its community development and revitalization, financial literacy, Volunteer Income Tax Assistance (VITA)and research programs.|
|Habitat Durham||Dedicated to eliminating substandard housing locally and worldwide through constructing, rehabilitating and preserving homes; by advocating for fair and just housing policies; and by providing training and access to resources to help families improve their shelter conditions.|
|American Community Survey (ACS)||The source of information about and data from the American Community Survey (ACS).|