Texas is experiencing a significant decline in rental affordability, worsening faster than the national average, and Collin County led the state with the highest share of low-income households spending more than one-third of their income on rent.
That’s according to research economist Jorge Barro with the Texas Real Estate Research Center (TRERC) at Texas A&M.
In a Dec. 10 presentation to a rental affordability market outlook conference in Austin, Barro said rental affordability threatened the economic viability and opportunities for Texas residents, particularly for those households earning less than $35,000 per year…