MYNORTHWEST NEWS

Washington’s most and least affordable housing

Jun 19, 2017, 5:31 AM | Updated: 10:38 am

Seattle rental boom, affordable housing, move-in fee, homeless...

(AP)

(AP)

Washington has more counties than any other state where low-income workers can afford rent. None of that affordable housing, however, is anywhere near Seattle.

RELATED: You’ll have to wait for affordable housing relief around King County

“Out of Reach” is an annual report from the National Low Income Housing Coalition (NLIHC) that gauges the distance between rent and wages. The latest report reaffirms what many around Washington already know — housing is expensive. But there are a few surprising data points.

According to the latest numbers, there are 12 counties in the United States where a person can afford rent for a one-bedroom home (at the fair market rent) on local minimum wage — paying no more than 30 percent of their income while working 40 hours a week. Six of those counties are in Washington state.

• Pend Oreille
• Stevens
• Ferry
• Lincoln
• Columbia
• Wahkiakum

affordable housing

Most affordable counties in the Northwest are in yellow. (National Low Income Housing Coalition)

Oregon has four counties with affordable housing. Arizona has two.

Fair market rent in Washington (paying about 30 percent of income) for a two-bedroom apartment is about $1,229, according to the coalition. That means a household would have to pull in $4,098 a month, or about $49,177 annually, to afford it. This equates to about $23.64 an hour.

At the state’s minimum wage, a household would have to work 86 hours a week to afford a two-bedroom house, and 69 hours a week to afford a one-bedroom. That breaks down to 2.1 full-time minimum wage jobs to a two-bedroom, and 1.7 jobs for a one bedroom.

It’s important to note that the coalition doesn’t break Washington fair market rent down to the county level. So affluent King County averages out with the state’s poorer counties.

What the report does state is that a person would have to work more than 80 hours a week to afford living in King County on minimum wage.

Least affordable housing

At the opposite end of the rental spectrum are areas around Snohomish, King and Pierce counties.

The top five most expensive Washington areas to live (renting a two-bedroom apartment):

• Seattle / Bellevue: $29.69 an hour or 2.7 full-time minimum wage jobs
• Vancouver (Portland/Hillsboro): $23.88 an hour
• Tacoma: $21.96 an hour or two full-time minimum wage jobs
• San Juan County: $20.73 an hour
• Olympia / Tumwater: $20.60 an hour

Looking closer at the Seattle area, a person will have to work quite a bit harder to afford an apartment. While the state’s fair rent is $1,200, Seattle’s housing is another story. Curbed reports that a renter can get into a 550-square-foot, one-bedroom apartment for $1,900 in First Hill or Fremont.

MyNorthwest News

Seattle City Light...

Frank Lenzi

Council approves 9.5% Seattle City Light rate hikes, puts transit tax on November ballot

Seattle City Light customers are about to see their monthly electricity bills go up.

4 hours ago

tumwater...

James Lynch

5-month-old dies after vehicle catches fire in Tumwater driveway with three children inside

An infant was killed in a vehicle fire in Tumwater Tuesday.

5 hours ago

world cup (2)...

James Lynch

17 arrested, 12 guns seized: inside Operation Red Card, the quiet crackdown behind Seattle’s World Cup

Seattle police and federal agents are revealing details about Operation Red Card, a crackdown on crime during Seattle’s World Cup matches.

6 hours ago

seal shot in head bellingham...

Lexi Herda, KIRO 7 News

Petition demands investigation after third seal is shot in the head in WA

A group of people is demanding action after a third seal was shot in the head in Washington.

8 hours ago

bellevue...

MyNorthwest Staff

Bellevue office buildings shed $1.61 billion in value as vacancy rate surges

Downtown Bellevue's office market has taken a substantial hit over the last four years, with soaring vacancy rates dragging property values down.

8 hours ago

WA dave's hot chicken...

Jason Sutich

Dave’s Hot Chicken expands further into WA with new store

The Nashville-style chicken finger joint, Dave's Hot Chicken, is expanding further into Washington with its first store in Lynnwood.

9 hours ago

Washington’s most and least affordable housing