In Harris County, 53% of residents worry whether they will be able to stay in their current home due to rising financial burden, according to a study by Rice University’s Kinder Institute of Urban Research released Oct. 19.
“Housing remains the most important asset for wealth generation in the United States, despite many claims to the contrary,” said Luis Guajardo, research manager for the Kinder Institute, during a press conference Oct. 19. “The importance of housing cannot be understated. It plays a very central role to the everyday lives that we lead here in Harris County.”
The data in the survey comes from 17,510 respondents living in Harris County, and the study was conducted by the Kinder Institute in conjunction with the Harris County Community Services Department.
Almost 500,000 households in the county are considered “cost burdened” by housing, meaning more than 30% of their income is used to pay for their residence. Individuals living in those households were employed by a variety of careers, including medical assistance, home health care, truck driving, administrative assistance, fast food, retail and customer service.














