650,000 US individuals experienced record-high homelessness in 2023, driven by lack of affordable housing; top states include California, Florida, New York, Texas, and Washington.
650,000 individuals in the US experienced homelessness in 2023, a record high with a 12% increase since 2022. Homebay's study reveals that US cities with prices above the national average see higher homelessness rates, with those below the average experiencing a 2.5x reduction. Lack of affordable housing is a key driver of this issue. The top 5 states with the highest homeless population are California, Florida, New York, Texas, and Washington, with Texas having 27,377 individuals experiencing homelessness.
March 18, 2024
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