Underlying a Hyattsville housing market that is becoming more expensive are cost-burdened households, changing housing market conditions, and a lack of affordable housing options, according to a new analysis of the city’s housing affordability landscape. The analysis was conducted by Enterprise Community Partners, which was hired by the city of Hyattsville in 2019 to analyze housing conditions and craft policy proposals to address rising housing costs in the city. The first part of that job, an analysis of existing conditions, was unveiled at a virtual forum held June 9, 2020. The second part – policy recommendations – are still being developed. Demographic changes
The report highlighted significant shifts in the city’s socio-economic demographics within the past decade.