About 2.86 million, or 10.8 percent of Filipino households, were renting their housing units, with many of them living in Metro Manila, based on the results of the 2020 Census of Population and Housing by the Philippine Statistics Authority.
The PSA said of the 26.37 million households in the country, only 21.58 million households or 81.8 percent lived in housing units/lots that they owned or amortized. These were households who either own or have owner-like possession of the house and lot (57.3 percent); own house but rent lot (3.9 percent); own house in a rent-free lot with consent of the owner (18.6 percent); or own house in rent-free lot without consent of the owner.
The other households are renters (10.8 percent), while 7.3 percent reported that their housing unit is rent-free, with or without consent of the owner, or did not report the tenure status of their housing units/lots.
“Of the 17 regions in the country, the National Capital Region (posted the highest proportion of renter-households, comprising 32.6 percent of its total number of households, followed by Region IV-A- CALABARZON with 16.4 percent, Cordillera Administrative Region (CAR) with 13.3 percent, and Region III-Central Luzon with 10.0 percent,” the Philippine Statistics Authority said.
Among the 2.86 million households who rented the housing unit that they occupied, 33.5 percent had a monthly rental of P2,000 or less. About 36.2 percent of the households paid a monthly rental of P2,001 to 4,000 and 16.4 percent had a monthly rental of P4,001 to 6,000.
About 13.3 percent of the households rented their housing units for more than P6,000 a month while the remaining 0.5 percent did not report the monthly rental of the housing unit that they occupied.
Among the 21.58 million households who owned/amortized the housing unit/lot that they occupied, 45.3 percent reported that their housing unit was inherited, 45.2 percent stated that it was purchased, 4.2 percent declared that it was received as a gift, 4.0 percent reported other modes of acquisition, 0.6 percent reported that it was acquired as a company benefit, while the remaining 0.8 percent did not report how they acquired their housing unit.
The PSA said of the 9.75 million households who purchased their housing unit, 85.4 percent used their own resources or interest-free loans from relatives/friends.
About 9.8 percent of the households acquired their housing unit using government assistance through the National Housing Authority, Pag-IBIG, Government Service Insurance System, Social Security System, Development Bank of the Philippines and others.
About 5.0 percent acquired through private banks, foundations, cooperatives; 4.3 percent acquired through loans with interest from private persons; 1.4 percent acquired through employer assistance; and 0.9 percent acquired through other sources of financing.
