How will the new Amazon headquarters impact the housing market in the metro it moves to? In Seattle, home of the company’s current headquarters, the influx of high-paid Amazon employees has coincided with rent increases that outpace almost all other U.S. cities and the fastest growth rate in home prices nationwide. Apartment List studied the impact on rents in 15 metros contending for HQ2, and predicts an additional annual rent increase of up to 2 percent per year on top of the rent growth those metros would experience without the Amazon HQ2. Although a one or two percent rent increase per year may not sound like a
With the tax reform debate now fully underway, Apartment List examined the popular mortgage interest deduction (MID) and compared federal expenditure on the MID to spending on Section 8 rental assistance programs. In 2015, federal expenditure on the MID was more than double the funding for Section 8. Additionally, the MID is a highly regressive benefit, with 85 percent of expenditure going to high-income households.
What U.S. metros are the best for millennials? To answer that question, Apartment List graded 75 top U.S. metros in three categories -- jobs, affordability and livability -- and ranked them, based on their scores. Many metros score high in one or two categories, but few metros offer the ideal mix of a strong job market, affordable rent and home prices and high livability scores. The best three metros for millennials are Pittsburgh, Provo, Utah, and Madison, Wis., which all earn A+ marks overall. Largely, inland metros, primarily located in the Midwest and South, rank higher than coastal metros, offering
The “American Dream” has long been tied up with the goal of owning a home, but the fruits of homeownership are not shared equally across demographic groups. Nationwide, 64.4 percent of white households are homeowners, compared to 54 percent of Asian households, 41.1 percent of Hispanic households, and just 32.7 percent of black households. These discrepancies hold true even when controlling for education and income, with black households at the worst disadvantage. We also compare gaps in homeownership rates by race across metros, and find that metros in the Northeast and Midwest have the worst disparity.
Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we’ve made some changes to our methodology. These are the answers to frequently asked questions about Apartment List's new rent report methodology.