Luxury Bias in Private Listing Data

Data from private listing sites, such as Apartment List and our competitors, tend to include a greater share of high-end luxury units, and therefore, overrepresent the upscale neighborhoods in a city. This results in median rent estimates that are too high, a phenomenon we call “luxury bias.” In order to make our rent estimates the best and most accurate available, we’ve revamped our methodology to control for this issue.

American Dream of Homeownership Delayed for Millennial Generation

In a nationwide survey of about 24,000 renters, Apartment List found that the 80 percent of millennial renters want to purchase a house or condo, but most are a long way from being able to afford to actually do so. Of those respondents who plan to purchase a home in the future, some 72 percent said affordability is the primary obstacle, and 68 percent of millennials said they have saved less than $1,000 for a down payment. Based on current savings rates, millennials in many metros will need a decade or more to save enough for a down payment.

Best Metros for Dating 2017

Renters look for many things when deciding where to live – jobs, affordability, and safety, for example. For single renters, there’s one specific factor that might…

2017 Best Cities for Families

At Apartment List, we know that searching for a home is tough, and the decision can be even more complicated for families than it is for singles. Families…