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Erie $1,931 $2,442 $511 26% <br />Housing Attainability <br />Housing attainability examines the cost of housing relative to household incomes in the area. <br />Key findings include: <br />At least 74% of Louisville residents would likely be unable to afford the current average <br />home sales price, with a greater affordability gap for Louisville renters. <br />■ While rates of household cost burden decreased from 2011 to 2021, around 41% of <br />Louisville renters and 16% of Louisville homeowners currently spend more than 30% of <br />household income on housing expenses. Given the dramatic increase in housing costs <br />over the past decade, it is likely because households that were cost -burdened (especially <br />severely cost burdened) in 2011 were eventually priced out of the area and moved to <br />areas with a lower cost of living and higher -earning households have moved into the <br />area. <br />ECONorthwest 42 <br />