As the cost of living continues to rise, the affordability of housing has become a pressing concern for renters, housing providers and policymakers. To assess rental housing affordability at the market level, the National Apartment Association (NAA) analyzed rent-to-income (RTI) percentages, which…
Affordability Watch
Affordability Watch Q1 2023
By NAA Research | | Updated
As the cost of living continues to rise, the affordability of housing has become a pressing concern for renters, housing providers and policymakers. To assess rental housing affordability at the market level, the National Apartment Association (NAA) analyzed rent-to-income (RTI) percentages, which…
Affordability Watch Q4 2022
By NAA Research | | Updated
To assess rental housing affordability at the market level, the National Apartment Association (NAA) analyzed rent-to-income percentages, which are based on residential lease applicants from professionally managed properties screened by TransUnion’s Resident Screening platform for Q4 2021 and Q4…
Affordability Watch Q3 2022
| Updated
Executive Summary
The apartment market experienced a plunge in demand during the third quarter of 2022, as new household formation froze, and uncertainty increased in the face of ongoing inflationary pressure and concerns of another economic downturn.
As reported by RealPage, the occupancy rate for…
Affordability Watch Q2 2022
By NAA Research | | Updated
How has apartment affordability changed since Q2 2021?
The Athens market has seen a significant gap between income growth and rent increases. Renters’ incomes increased nearly 20% since Q2 2021 while rent only went up 9.1%. According to the U.S. Bureau of Labor Statistics (BLS), government, leisure…
Affordability Watch Q1 2022
By NAA Research Team | | Updated
Executive Summary
U.S. households experienced a variety of challenges that affected affordability including housing shortages, delayed construction and housing cost increases that outpaced income growth. The demand for rental housing has been on a soaring trajectory due to job growth, household…