Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday.
Source: Inman News
Share of renters paying under $1,000 hits record low, Redfin says
Published in affordable rentals, apartment, apartment asking rent, apartment building, COVIC-19, Markets & Economy, News Brief, Redfin, Redfin analysis, rent.com, Rentals, renter households, renting demand, Select, Sheharyar Bokhari and U.S. Census Bureau
More from affordable rentalsMore posts in affordable rentals »
More from apartmentMore posts in apartment »
More from apartment asking rentMore posts in apartment asking rent »
More from Markets & EconomyMore posts in Markets & Economy »
More from News BriefMore posts in News Brief »
- A mega-team goes indie, and other big-time real estate moves
- Zillow bashes CoStar in request to transfer lawsuit
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
- Pending home sales jumped 4% in August in positive market signal
- Former agent convicted of swindling woman out of her home
More from RedfinMore posts in Redfin »
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- FTC sues Zillow: A wake-up call for real estate agents and brokers
- Rocket Companies closes Mr. Cooper acquisition
- FTC sues Zillow, Redfin over $100M rental syndication deal
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
More from Redfin analysisMore posts in Redfin analysis »
More from rent.comMore posts in rent.com »
- Here’s the last look at Redfin’s finances as an independent company
- CoStar sues Zillow for ‘systematic’ copyright infringement
- Zillow CFO shares $5B revenue goal at Morgan Stanley conference
- Redfin to shed 450 staffers after $100M rental deal with Zillow
- Zillow eyes rental dominance as segment revenue grows 25% in Q4
More from RentalsMore posts in Rentals »
More from renter householdsMore posts in renter households »
More from SelectMore posts in Select »
More from Sheharyar BokhariMore posts in Sheharyar Bokhari »
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Waning buyer activity pushes home price growth to 2-year low
- 7 metros where you can snag a luxury home for less than $1M
- Condo sales fall to 10-year low amid surge in insurance costs, HOA fees
- Here’s why builders are slamming the brakes on new apartments
More from U.S. Census BureauMore posts in U.S. Census Bureau »
Be First to Comment