50% | of Renters Cost-Burdened
50 percent of Connecticut’s 470,000 renter households are considered cost-burdened or severely cost-burdened, meaning they spend more than half their income on housing.
50 percent of Connecticut’s 470,000 renter households are considered cost-burdened or severely cost-burdened, meaning they spend more than half their income on housing.
Connecticut home prices increased 36 percent between 2020 and 2022, from $250,000 to $340,000.
In 2022, Connecticut only issued 48 percent as many housing permits as it did in 2005.
Connecticut ranked second-to-last in the nation in 2022 with 1.29 new homes built per 1,000 people.
Our conservative estimate of the number of affordable housing units that Connecticut needs is based on the number of extremely low income, severely cost-burdened households