Home-Ownership Out Of Reach For Many Educators

America’s educators are continuing to struggle to become homeowners, says two new real estate studies. Trulia reports that teachers can afford fewer than half of all currently listed homes in 76% of major cities, due to their average teaching incomes coupled with rising home prices. Homeownership is especially out of reach in several markets along the West Coast, including San Francisco, San Diego, Denver, and Seattle.
Even markets in the typically more affordable Southern region are difficult for those in the teaching profession. In Raleigh, North Carolina, teachers can afford just 11% of all available properties. In Orlando, Florida, and Dallas-Fort Worth, Texas, they can afford only about 20%.
Data from Apartment List shows that one in five teachers is burdened by housing costs—a 21% increase over other college-educated heads of household. Housing costs are particularly burdensome for preschool and kindergarten teachers, 41% of whom spend more than 30% of their income on housing every month.

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