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Business and Economy

Report Finds Maine Renters Face Increasingly Unaffordable Housing Costs

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Willis Ryder Arnold
/
Maine Public
A man walks down the West End neighborhood in Portland, Maine in this 2020 file photo.

Renters in Maine face a significant gap between their income and how much they pay for housing.

According to a new report from the National Low Income Housing Coalition, the fair market rent for a two-bedroom apartment in Maine costs more than $1,100. The authors say a renter would need to make more than $21 per hour to afford that, yet the average renter here makes less than $13 an hour.

Greg Payne, with the Maine Affordable Housing Coalition, says that affordability gap in the state has only expanded since last year.

"And it's gone up by about 15 percent. That's a pretty big deal," Payne says. "And what we generally have come to see is that we had a really serious housing affordability problem going into the pandemic. But that problem has gotten a whole lot worse coming out of it."

While the report found that housing costs in southern Maine were the most expensive, rents were still high in more rural areas. The fair market rent of a 2-bedroom apartment exceeded $1,000 per month in both Lincoln and Waldo counties. Payne says the numbers also highlight the urgent need for more housing.

"We have a shortage of quality, affordable homes in our state," Payne says. "And we're going to need to really focus and commit to really growing our supply of affordable housing."

Payne says he is encouraged by the passage of a bill last month establishing a commission to study the state's housing shortage and potential changes to local zoning laws.