Can Denver Absorb a Coming Flood of Multifamily Housing?
In 2010, a majority of Denver households were homeowners. By 2014, a slim majority of Denver households were renters. This shift did not go unnoticed by Denver-area builders, with permits for multifamily properties hitting decade-long highs in recent years even as single-family home permitting activity remained stalled at a fraction of pre-recession levels.
Growth and Growing Pains in Denver: Migration, Millennials, Retirees and Renters
The pace of population growth in the city of Denver is suitably Rocky Mountain high, boasting a trajectory over the past decade that is both uniform and enviable. But a deeper look at Denver’s recent growth trends reveals a number of seeming contradictions in one of America’s fastest-growing cities.
Hunger Games: Builders Keep Serving Up More Apartments, Renters Keep Scarfing Them Down
Renters currently have an insatiable appetite for newly constructed units, quickly gobbling up record numbers of recently opened new apartments.
Q4 2015 Breakeven Horizon: Buying a Home Pays Off for Most – But Not All – After Just Two Years
A longstanding combination of healthy home value growth and low mortgage interest rates, combined with robust growth in rents, is helping to keep the buy vs. rent equation tilted heavily towards buying in most areas for those planning on staying in their homes for longer than just a few years.
Rockin’ the Suburbs: Home Values and Rents in Urban, Suburban and Rural Areas
The suburban home – long a symbol of success, stability and the American Dream – appears to be losing some of its luster as the appeal of city living gains steam and urban homes grow in value more quickly.
December Market Report: Expect Rental Growth to Cool in 2016, But Affordability Problems to Remain
For the past few years, a major theme in housing has been rapid rental growth, and the largely negative impacts that is having on the housing market on everything from homeownership rates to affordability. But over the next year, there is – some – relief in sight.
A Penny Saved: How High Rent Burdens Impact Savings Rates
Paying less in rent is no guarantee that a household will save more of their income. But paying more sure makes saving difficult.
Americans Paid $535 Billion in Rent in 2015
America’s 43 million renter households spent $535 billion on rent in 2015, up $19 billion, or 4 percent, from $516 billion in 2014. The increase was driven both by rising rents and a surge in the number of U.S. renter households, which grew by about 1.8 million this year compared to 2014.
Methodology: Zillow Rent Forecast
The Zillow Rent Index estimates median rent for a geographical region on a monthly basis. The Zillow Rent Index forecast is our prediction of ZRI over the coming year.
