AdvisorSmith Finds the States Where Renters Have the Highest Risk of Evictions
The coronavirus pandemic has left many Americans without a job and has hurt their ability to afford to pay rent. Renters are being evicted from their homes and the state where renters are at the highest risk for eviction was South Carolina
The study used data from Phase 3 of the U.S. Census Bureau's Household Pulse Survey, which was conducted between October 28 and November 9, to measure household experiences during the coronavirus pandemic.
AdvisorSmith calculated the percentage of households that have fallen behind on their rent payments. They combined their findings with data on the percentage of homes expected to be evicted in the next two months.
Their research shows that nationwide, 17.1% of households were behind on their rent, and of those renters, 49.1% are expected to be evicted in the next two months. Overall, 8.4% of households nationwide are at risk of eviction.
The state with the highest risk of evictions is South Carolina, where 21.1% of renters are at risk of getting evicted. On the other hand, Maine is the state where families have the least worries as only 0.2% of households are at risk of getting evicted.
To see the rest of the study, visit https://advisorsmith.com/
AdvisorSmith is a leading information resource for small business owners. AdvisorSmith empowers small businesses with original research and insights into trends to help them succeed. For more information, visit https://advisorsmith.com or follow us on Twitter @AdvisorSmithInc.