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With as many as 100 cities bidding for the Amazon HQ2, Apartment List delved into the data to analyze the impact of the new Amazon headquarters, or “HQ2”, on the housing market. We analyzed the rental markets in 15 metros contending for the “HQ2” and predict rents will rise up to an additional 2 percent per year. The metros most impacted by the influx of Amazon workers are smaller metros with low median wages or metros where building new homes is difficult.

In 2016, the share of cost-burdened renters, or those spending 30 percent or more of their income on rent, reached the lowest level since 2008….