Recode Staff article With all of the attention the housing market is getting, one topic that’s been a bit of a topic of conversation in the past couple of weeks is the rural development community.
The country’s urban housing boom has been a boon for many rural communities.
But as rural areas have gotten more urbanized, rural residents are struggling to find affordable homes.
A new study by the Urban Land Institute, a Washington, D.C.-based think tank, found that about half of all Americans live in counties with fewer than 100 people.
That’s the highest percentage since the 1920s.
The report found that in the rural areas where there’s been the most growth in housing, the median income of the people living there is less than $24,000 a year.
That includes about 10% of the U.S. population.
That means the median family income of those living in rural areas is less, on average, than the national average.
And, of course, it’s much lower than in urban areas.
While the average rural household has about $30,000 in annual income, the study found that the average family living in the country’s most rural counties had a median household income of just $11,000.
In other words, people living in those areas don’t get a lot of income in a rural community.
What does this mean for the rural housing market?
And, more specifically, for the nation’s growing number of rural counties?
Rural housing is a major area of growth in the U, so it’s important to keep an eye on what’s happening in the nation to see how the housing markets will develop.
If a rural area has experienced rapid growth, that could have implications for housing prices in other regions, particularly the Midwest.
“We’ve seen a lot more activity in the Midwest, especially in the housing and rental market,” says John Egan, senior vice president of the Urban Institute.
Egan says rural areas are seeing a lot less demand than urban areas, and this could mean fewer affordable homes for rural residents.
“If you have a rural population that is more affluent, you’ll have a lot lower prices,” he says.
But Egan says it’s not just the rural population living in more affluent counties that’s having difficulty finding homes.
“What I’ve seen is that there’s a real disparity between the supply and demand of those neighborhoods.
There’s more supply in the urban core, and there’s less demand for that,” he explains.
Ewan says he’s hopeful that this trend will change in the near future.
He says that, if the supply of housing is higher than demand, it will make more sense for people in those regions to move to more affluent communities.
“The supply is going to continue to grow, and the demand is going get better,” he said.
That’s good news for those who are struggling with affordable housing in their area.
But it could mean a greater demand for more expensive, high-density housing, which could have an impact on rural populations living in urban centers.