The Real Cost of Home Repairs
A PolicyMap and Federal Reserve Bank of Philadelphia joint project.
Though the safety and quality of housing has improved in the United States over the last several decades, problems with substandard housing conditions and disrepair persist in many neighborhoods. To discover how severe and costly home repair needs really are, PolicyMap and the Federal Reserve Bank of Philadelphia embarked on a research project to answer the question—how much investment would it take to repair all occupied housing in the United States?
Our Joint Study Shows
In order to craft effective policies, housing experts need to know what level of investment, in dollars, is needed to bring homes into good repair. Researchers from PolicyMap and the Federal Reserve Bank of Philadelphia have created a new measure that assigns a repair estimate to every occupied housing unit surveyed in the American Housing Survey. This measure allows us to explore in more detail what kinds of households, in terms of geographic, demographic, and housing unit characteristics, need the most expensive repairs.
The research team is currently developing forthcoming neighborhood-level estimates that will ultimately reveal the extent of local home repair needs, informing the best policy and programmatic ways to address them.
Get our Repair Cost Estimates
Find out the extent and cost of the housing repair needs in your metro area, and compare it to others across the United States. Under development – census tract and zipcode level estimates.
Explore repair costs across the U.S.
Measuring and Understanding Home Repair Costs: A National Typology of Households
Our statistical analysis of the new Repair Cost Estimates groups households with repair needs based on shared characteristics such as renter vs owner, age of housing, and income. This report, published as a Federal Reserve Bank Special Report, reveals that although home repair needs are greater for low-income renters and homeowners, they are also present among middle- and upper-income households. Learn which groups bear the brunt of the costliest and most extensive repairs, and which areas of the country have the greatest needs.
Thanks to the following members of the committee that provided guidance and feedback on this work:
Additional thanks to Joseph Kelble at Gordian and Dave Huber at Kaliber Construction for being generous with their time and expertise.