In a recent analysis conducted by Moody's Analytics CRE, concerning trends in the rental housing market, some interesting insights have emerged. The study focused on rent-to-income (RTI) ratios at both national and metropolitan levels, shedding light on the financial burden faced by American households when it comes to renting.
One significant finding was that the share of household income required to rent an average-priced apartment surpassed the 30% threshold for the first time in 25 years. This indicates a growing challenge for renters in managing their housing expenses.
