K
E
Y

F
A
C
T
S
 

1,271,125
or
21%

Renter households that are extremely low income

$27,330

Maximum income for 4-person extremely low income household (State level)

-962,667

Shortage of rental homes affordable and available for extremely low income renters

$81,191

Annual household income needed to afford a two-bedroom rental home at HUD’s Fair Market Rent.

76%

Percent of extremely low income renter households with severe cost burden

San Diego Incomes (MSA)

  • Median Household Income (2019) = $83,985
  • Avg March 2021 Rent = $1,985
  • Min Income required to lease Avg rent (2.5x) = $59,556
  • Percentage of House Holds that can lease Avg unit = 64%
    • Avg March 2021 One bedroom rent = $1,691
    • Percentage of House Holds that can lease 1 bedroom unit = 71%
    • Rental key stats – vacancy and how fast it is rising? Units being developed?

    • Poor housing policy continues to restrict supply and put pressure on rents, fueling the housing crisis. Vacancy has dropped to 3.65%, well below the historic average:

    Housing policy should focus more on workforce housing (80% of AMI and above or 64% of renters) and NOT affordable housing

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