Rent affordability remains a challenge in some of the most expensive markets nationwide including New York, Los Angeles, San Diego, and Miami. However, according to Radix’s Share of Wallet Index, which tracks the median household income compared to the average apartment rent at the metro level, most markets remain under the 30% level, meaning that the average household spends 30% or less of its income on rent. This can vary property to property and submarket to submarket, but overall affordability appears balanced in many secondary and sunbelt markets.
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Radix Research provides a comprehensive and powerful solution for evaluating the performance of live properties and portfolios at submarket, market, and national levels through research. With vast data analytics available, Radix Research offers the most timely and leading data, streamlining the research process for all stakeholders. Data is presented in visual, graphical, and tabular formats for easy analysis and understanding, including interactive maps, customizable charts, and exportable tables, providing users access to various benchmarking tools and data analytics.
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