NEXUS BETWEEN THE QUALITY OF HOUSING AND AFFORDABILITY IN THE CORE OF AKURE, ONDO STATE, NIGERIA
Abstract
In recent times, significant population growth, urbanization, and city expansion have resulted
in a critical shortage of housing units. This scarcity has led to increased rental costs and
numerous challenges, including substandard urban living conditions, heightened crime rates,
and insufficient infrastructure services. The focus of this study is to investigate the
interconnection between housing quality and affordability in the core area of Akure city, Ondo
State. The survey involved administering questionnaires to randomly selected participants,
specifically residents in the core of Akure.
The analysis of the questionnaire reveals, among other findings, that a substantial percentage
of people in the study area allocate more than 30% of their monthly income to housing
expenses. This contrasts with the 30% affordability benchmark set by scholars. The majority
(59%) perceives overall housing affordability in Akure as unattainable, with a significant
portion of respondents expressing that essentials such as food, education, and transport
significantly impact their income. Regarding the overall housing quality, a majority of
respondents express dissatisfaction with services such as security, waste disposal, electricity,
and access to good roads.
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