House Money


Housing affordability is a complicated, persistent, and in some cases worsening problem across the United States. This quiz asks you about issues surrounding the cost of housing and people's ability to afford a place to own or rent.

Read more: The Atlanta Fed's One Region, Many Economies: Special Report on the Affordable Housing Crisis.

Source: Question 1; Question 2; Question 3; Question 4; Question 5; Question 6; Question 7; Question 8; Question 9; Question 10

1. Households devoting at least 30 percent of their income to housing are considered "cost burdened." What share of U.S. households were cost burdened in 2017?
One quarter
One third
One half
2. In the Southeast, what share of low-income renters spend at least 30 percent of their income on housing?
49 percent
59 percent
69 percent
3. In 2002, the average U.S. apartment's annual rent was $0.97 per square foot. What was the 2018 average?
$1.19
$1.29
$1.49
4. Households devoting more than half of their income to housing are considered "severely cost-burdened." Between 2001 and 2016, the number of severely cost-burdened U.S. renters rose by how many?
1.6 million
2.6 million
3.6 million
5. True or false: More nonmetro renters are cost burdened than metro-area renters.
True
False
6. Adjusted for inflation, the median renter income grew 5 percent between 1960 and 2016. How much did the median rent increase in the same period?
21 percent
41 percent
61 percent
7. What is the nation's largest affordable housing tax credit?
Housing and Economic Recovery Act
Section 8 Housing Choice Voucher Program
The Low Income Housing Tax Credit
8. Named for U.S. senator Edward Brooke, the Brooke Amendment to the Housing and Urban Development Act of 1969 achieved what outcome?
It mandated new construction of affordable housing units.
It capped public housing rent at 25 percent of a tenant's income.
It gave public housing priority to families with children.
9. Which southeastern states were the most and least affordable for renters, respectively, in 2016?
Alabama and Florida
Mississippi and Georgia
Tennessee and Florida
10. Of the 20.8 million cost-burdened renter households in the United States, how many were considered "severely burdened" in 2016, devoting half or more of their income to housing?
3 million
7 million
11 million