The paper uses the grouped income data of urban residents, housing statistics data comes from the Housing and Urban Construction Department, and related statistical methods and decomposition methods, empirically estimates the income effect and distributional effect of the 2008-2011 housing security. The results shows that: the income distribution effect of the housing security is greater than the income growth effect, and the influence of low-rent housing policy in decreasing the residents income inequality is obvious, which means that the function of housing security for social welfare has be...