Charleston Gazette-Mail – The cost of housing in Charleston is still reasonable, according to housing data from the Associated Press, but it might not remain that way for long. Read
Charleston has the smallest percentage of stressed homeowners — homeowners who pay more than 30 percent of their income on housing costs — out of all 353 American cities that the AP surveyed.
The city also has a low percentage of stressed renters — renters paying more than 30 percent of their income on rental costs — well below the national average.
“We do pretty good on rent as a percent of income in West Virginia, compared to other states,” said Ted Boettner, the executive director of the West Virginia Center on Budget and Policy.
But for those renters who are stressed, times are tough — and getting worse.