Income and Rents: It Takes Money to Make Money

As apartment rents continue to trend higher, real estate economists are worried income growth isn’t keeping up. After all, an increase in rent means residents are forced to allocate a higher percentage of their income to housing if their paychecks don’t also increase proportionately. Investors, especially in Class B and C assets, are worried that[]

Is Income Growth a Reliable Predictor of Apartment Rent Growth?

Conventional wisdom says that rent growth is contingent upon income and job growth. Is that always true, and if so, to what degree? MPF Research examined the relationship between apartment rent, income and employment levels in each of the top 50 U.S. metros over the past seven years. The results showed that while there appears[]

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