This paper deeps on the relationships between the income distribution, housing and poverty. It follows the housing affordability definitions and estimates several indicators of housing poverty in order to identify their role to explain the likelihood to fall on poverty during a period of time pre and post Global Financial Crisis. It also examines the relationship between income distribution and affordability taking into account the tenancy status. The paper uses the survey called EU-Silc (Life Conditions Survey) for Valencia Region, Spain, which provides individual household information including income and housing tenancy to evaluate such differences. Results indicate a larger income inequality occurs in this region after crisis, that poverty is stronger in household tenants rather than in homeowners and that the likelihood to fall under poverty line is related to a combination between income and tenancy.