Across a variety of measures, renters in Missoula are struggling. And Missoulians who face discrimination in other areas of their life based on their race, ethnicity or economic status seem to be especially challenged by the tough rental market.
Emily Harris-Shears, Housing Policy Specialist for the city, unveiled quantitative and qualitative analyses of the housing market in Missoula during a city committee meeting Wednesday. The trends she identified painted a disturbing picture of affordability in the local area.
From 2019 to 2021, for example, the share of units being rented swapped places with the share of units being owned by occupants. More than 50% of Missoula residents now rent their housing.
Our favorite photos of the week from November January 2 to January 8.
The increase of the median home sale price and the shrinking inventory of homes available under $300,000 likely contributed to this switch, according to Harris-Shears.
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All of these factors have played into the threat of residents being cost-burdened, or paying more than 30% of their income on housing. Black and Indigenous residents are more likely than white residents to experience cost burdens.
52% of Hispanic