For people who don't like their market too hot or too cold, these “sweet spots” have strong job and income growth but relatively affordable rents.
September 2017 Market Report: U.S. Rent Growth on the Rise Again
Don’t look now, but after a largely uninterrupted, almost two-year slowdown, U.S. rent growth is picking up again.
National Apartment Market Outlook: Bearish for Now, Bullish for Later
A recent surge in apartment construction could mean opportunities for renters to save some money over the next few years as more supply continues to come online and landlords compete to fill vacant units – especially at the higher end of the market. But looking farther out, that dynamic could reverse as a handful of demographic and economic trends take hold.
Combating Homelessness in New York, Los Angeles, Houston and Tampa
Rents are so high in New York that 'we see lot of families that already have one or two jobs and are still unable to make ends meet,' said Raysa Rodriguez, vice president of policy and planning for Women in Need.
Financial Hardship Is Widespread, Especially for Households Earning Less Than $40,000
Nearly a third (30.0 percent) of households nationwide – meaning about 73 million adults— report they are struggling or just getting by financially, according to data from the Federal Reserve Board’s recently released 2016 Survey of Household Economics and Decisionmaking (SHED). More than half (51.3 percent) say they do not have enough funds saved to cover three months of living expenses.
For Many Low-Income Renters, Even Low-End Apartments Aren’t Affordable
In the 25 largest metro areas in the country, people with low incomes pay far more than 30 percent for rent. Even markets that were not historically out of reach now take a large chunk of low-income renters’ dollars. In Houston, the median low-income earner spends 65.1 percent of her income on the median bottom-tier rent. In Tampa, it’s 59.1 percent. In Philadelphia, 57.3 percent.
How to Save on Rent: Don’t Move
Landlords typically raise rents at a slower rate for renewing tenants, so people are bound to save some money by sticking around -- but who knew it would be enough to pay for another couple months of rent?
Where Renting Pays: Places Where Owning Takes a While to Pencil Out
It takes more than two years before buying the typical U.S. home makes more financial sense than renting it -- but that time frame varies by market. In San Jose, you'd have to spend 5.1 years in a house for buying to make more sense than renting.
Demographic Headwinds Only Modest Weight on Renter Turnover
An older renter population, the growth in single-family rentals and rent affordability do not appear to be primary factors in the decline of mobility among renters. A more important driver could be the growth of renting in markets where turnover has historically been lower.
Rents Are Climbing Faster in Suburban Than Urban Areas
For the first time in four years, suburban rents are rising faster than rents in urban areas. The trend is more pronounced in booming markets where rent affordability is an issue.
