Nearly a third of voters say housing affordability could affect their presidential choice, poll finds

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FILE-A For Sale sign is displayed outside a home for sale on August 16, 2024 in Los Angeles, California. (Photo by PATRICK T. FALLON/AFP via Getty Images)

Housing is one of the biggest issues in this year’s election, and with rising mortgage rates creating challenges for some to buy a home, a recent poll shows that could influence who some voters select as their next president

Redfin published a survey revealing that 32% of renters say housing affordability is one of the top three issues when determining which presidential candidate they will support, compared to 17% of homeowners.

A top concern among respondents overall was the economy, with 46% of respondents listing it as one of the top three issues. Then came inflation (40.4%), health (26.3%), housing affordability (25.1%) and crime and safety (23.5%).

RELATED: Home prices in these states will become “more affordable,” says Redfin’s CEO

According to the survey, 52.1% of owners Respondents tell Redfin they are better off financially than they were four years ago, compared to less than 44.2% of renters.

Redfin noted that voters who supported Vice President Kamala Harris were slightly more likely than Donald Trump voters to rank housing affordability as a top issue.

About 25.1 percent of respondents who plan to vote for Harris ranked housing affordability as a top three issue, compared to 20.4 percent of respondents who plan to vote for Trump.

RELATED: U.S. housing shortage grows to 4.5 million homes amid affordability crisis, data shows

A collect data for the surveyRedfin surveyed 894 US renters and 805 US homeowners between the ages of 18 and 65. The report focuses on answers to the following question: “How important will each of these issues be in choosing which candidate to support? Please rank, with one being the most important issue.” Respondents were asked to rank a list of 14 questions. If they rated a topic 1, 2 or 3, it is considered a “major topic”.