Memphis and Other Southeast Markets Have the Shortest Buy-Rent Breakeven Horizons
The amount of time it takes for owning a typical U.S. home to make more financial sense than renting an identical home is now 1.96 years – or a little under a year and 11 months. It's a year and almost four months in Memphis.
Today’s College Grads Earn More, and Still Live at Home
New college grads have flocked to West Coast tech hubs over the past decade-plus. But as those markets rapidly become less affordable, recent data hints at a changing tide – and suggests rising housing costs nationwide are putting a squeeze on grads’ ability to strike out on their own.
10 Most Affordable Markets for Renters
Markets with low rents might not be as affordable as they seem when you consider the earning power of people who live there. Pittsburgh, St. Louis and Oklahoma City top the list of metros that pass a more realistic test.
Rents on Single-Family Homes Growing Faster Than Apartment Rents
At the national level, it’s less expensive to rent a single-family home than a more traditional apartment in a larger, more multifamily building. That could change, because single-family rents are growing at a noticeably faster annual pace.
Rent Growth Accelerating at Fastest Pace in 21 Months (February 2018 Market Report)
For the seventh month in a row, Sacramento led major metro areas in rental growth. Meanwhile, the San Jose metro area posted astonishing annual home value growth of 26.4 percent, reaching a median of $1.25 million.
Rental Options Could Double for Seattle Voucher Holders, Thanks to Higher Ceiling
Seattle voucher recipients could see double the rentals available to them because of an upcoming increase in the value of their vouchers.
Suburban Homes Still Feel Recession’s Pinch
Per-square-foot values for both urban and rural homes ($231 and $102 per square foot, respectively) have exceeded their pre-recession highs and are currently at new peaks, but the current value for suburban homes stands below its prior peak of $140, last reached in October 2006.
What We Learned About Housing Over the Past Year
It's been a dynamic year for housing, with affordability continuing to squeeze renters in particular -- and policy changes in Washington, D.C., raising questions about implications for homeowners. Zillow Research explored those and other issues -- from climate change to foreign buyers to home-buying tips. Here's a roundup.
Rising Rents Could Pinch Voucher Holders With Already Shrinking Assistance
In most of the 50 largest metros, both rents and housing assistance will rise together in 2018. But in eight metros, the amount of rental assistance will shrink instead, despite anticipated growth in rents.
Zillow’s Prediction of 2017 Homeless Numbers in Line With Actual Counts
Predictions of the 2017 point-in-time counts in 17 out of 25 metro areas were within the 99 percent predicted interval.
