The share of cost-burdened renter households in the US declined significantly last year, as median incomes increased faster than rents. Metropolitan areas in Texas performed exceptionally well, with low and declining shares of renters facing challenges with affordability. Also, despite skyrocketing rents in tech hubs like Seattle, Denver, and San Jose, the share of cost-burdened renters there remain lower than national averages. Despite these positive trends, housing continues to be unaffordable for more than half of renters nationwide. Metros in Florida and Southern California continue to struggle, with high rates of cost-burdened renters in Miami (63.9%), Los Angeles (58.6%), and
How much would rent cost if we all decided to pay in turkey dinners? We've run the numbers and can now answer this pressing question. New York City tops our list, with the median monthly two-bedroom rent coming in at 70 dinners. See how cities across the country compare. Happy Thanksgiving!
Millennials form the largest generation in the US, numbering more than 75 million nationwide. As this young, mobile group enters the workforce and forms new households, their decisions have a significant impact on the cities they choose to live in. Today, we look at Census data from 2005-2015, to understand where young Americans are moving to and choosing to settle down. How does your city stack up?
Renters have often been labeled as a group of non-voters in the past; but what is the truth about this today? Renters may not think they hold a lot of electoral power, but with the population of voters increasing and more young citizens becoming involved in politics, this is changing. Find out what the data says!
It's been nearly a decade since the Great Recession, and the US housing market has changed in many ways. Data scientists from Apartment List analyzed US Census data on homeownership, housing costs, and rents, to examine the impact in different metros across the US.
Even though most millennials have said that they plan on purchasing a home, the homeownership rate continues to decline. Is student debt a big obstacle? We dive into the results of our annual renter survey to find out.
The U.S. homeownership rate reached 63.4% in 2015, the lowest rate in almost fifty years, and continues to decline among millennials. To find out more about what's holding millennials back, Apartment List surveyed more than 30,000 renters across the country, asking them about their plans for homeownership, affordability, and savings for a down payment. Click through to find out the results!
At Apartment List, we're always trying to help you find the perfect place for you and your loved ones. Last month, we released our our annual ranking of the best cities for young families. Today, we aggregate results by metropolitan area to paint a fuller picture of where you should look. How does your city compare?
On the regular, apartment hunting can be stressful and exhausting. But at Apartment List, we believe that the entire renter experience, from search to lease, should be as seamless and enjoyable as possible! Here are our 8 tips for finding an apartment you can afford!
Everyone wants a great apartment at a great price, but families look for different things in a city than young singles. Which are the best cities for young families? To answer the question, Apartment List crunched data on safety, education, and affordability - read on to see our 2016 rankings!
With the presidential primary season upon us, we were curious to know whether Democrat or Republican states were more affordable for renters. Rents tend to be much higher on the Democrat-leaning coasts, but incomes there are higher as well—in fact, San Francisco has the lowest share of cost-burdened renters of the 50 cities in our study. What does the data say?
More than half of United States renters qualify as cost-burdened, with upwards of 30% of their income being put toward rent. Apartment List analyzed US census data from 2007-2014, spanning all 50 states, 454 cities, and 929 counties, to find out which cities and states have the most cost-burdened renters.
If Happiness = Reality - Expectations, which cities have the most delighted renters? Our team at Apartment List dug into our monthly rent reports as well as renters' apartment size and price expectations to find the answer.
Apartment List reveals response data from their national Renter Confidence Survey, addressing local economy quality, school quality, safety levels, daily commutes, and more. Where's the best place for renters? The results may surprise you.