Chace Lake Eviction Risk: Lower

The severe-burden share is 30%. Those renters are past the 50% mark, and they miss rent for reasons that have nothing to do with willingness to pay. 87% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over.

The clearest offset is rent-regulation exposure, at 1/10. Annualized rent equals 34% of average household income here, past the 30% affordability line, which compresses the margin any screening standard has to work with. Running cool is tenant-organizing strength, at 1.5/10.

Well under the midpoint is economic stress, at 1.7/10. Court records for this tract carry 640 eviction filings.

Filing activity peaked in 2014 at 5.7% of renter households. Recent filings have not receded much: 7.4% in 2016 against a 5.7% peak.

That places it #4 of 16 neighborhoods in Hoover. Social vulnerability runs high at 7.7/10, concentrating the disaster- and displacement-exposure this model treats as a lagging risk input.

Poverty sits at 7%, low enough that arrears here usually reflect a specific shock rather than a structural income gap. Average gross rent runs $1,383, close to the Hoover average.

Because the boundary contains one tract, 3/10 is simultaneously the area figure and the address-level figure. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.