Homeownership
A Dream Still Vanishing?

Homeownership

Product No.: 01013
Date Published: 04/2001

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Difficulties in securing sound, affordable housing in accessible locations continue to affect moderate and median income households. In a 1990 report entitled Homeownership: A Vanishing Dream, the Delaware Valley Regional Planning Commission (DVRPC) undertook an assessment of housing affordability in the Delaware Valley, focusing specifically on the ability of a median income family to purchase a median-priced housing unit in each of the region's 353 municipalities. The current study updates DVRPC's 1990 housing affordability assessment using 1998 housing and tax data. Unlike the first study, the report also considers housing affordability for first-time homebuyers and for families who already own a home but are considering relocating, in addition to median-income families.

Geographic Area Covered: The nine-county DVRPC region, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties in Pennsylvania and burlington, Camden, Gloucester and Mercer counties in New Jersey.

Key Words: homeownership, housing affordability index, affordability gap, median-income buyers, first-time homebuyers, repeat homebuyers, COAH

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DVRPC’s publications or portions of publications can be translated in alternative languages and formats if requested. To request translation, please submit the form below. You can also contact DVRPC’s Office of Communications & Engagement at 215-592-1800 or public_affairs@dvrpc.org.

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The Delaware Valley Regional Planning Commission (DVRPC) fully complies with Title VI of the Civil Rights Act of 1964, the Civil Rights Restoration Act of 1987, Executive Order 12898 on Environmental Justice, and related nondiscrimination mandates in all programs and activities. DVRPC's website, www.dvrpc.org, may be translated into multiple languages. Publications and other public documents can usually be made available in alternative languages and formats, if requested. DVRPC’s public meetings are always held in ADA-accessible facilities, and held in transit-accessible locations whenever possible. Translation, interpretation, or other auxiliary services can be provided to individuals who submit a request at least seven days prior to a public meeting. Translation and interpretation services for DVRPC’s projects, products, and planning processes are available, generally free of charge, by calling (215) 592-1800. All requests will be accommodated to the greatest extent possible.

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