Presidential candidates have spent months talking about a myriad of issues, but one topic that hasn’t received much attention is affordable housing, writes Aaron Terrazas of Zillow Research. And there is a simple reason why: Candidates haven’t yet campaigned in the states where housing affordability is at its worst.
The average share of income spent on rent in the first four states to vote is 28%, compared to 33% for the six states that vote on the last day of primaries.
The average share of income spent on a mortgage payment in the first four states to vote is 15%, compared to about 20% for the six states that vote last.
Also, Terrazas explains, housing affordability tends to be a more prominent issue in state and local campaigns, but as the presidential campaign continues, candidates may begin to focus on the issue more.