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Zillow Research

As Rents and Home Values Rise in Many Markets, Is Tech Industry Really to Blame?

There is certainly a reason that many people associate the tech industry with pricey and unaffordable housing. In metropolitan areas with a large share of tech workers, rents and home values are considerably higher. But the reality is that expensive housing often follows in areas where a good share of individuals are earning high wages – whether they work in tech, finance, law, or any number of other industries associated with hefty paychecks.

Luxury Apartment Rent Growth Slowing

After growing at a blistering pace for much of 2015, apartment rents across the county are growing at a slower pace thus far in 2016 – and the slowdown has been particularly dramatic on luxury apartment rent in higher-end ZIP codes.