A recent study of renter populations in the country's 11 largest metropolitan areas found sheer numbers of people grew in both central city and suburban areas while more renters struggled to find affordable housing. Of the 11 metros, however, Atlanta was still one of the more affordable, with 37 percent of recently available units affordable to the median renter household in 2014.
On average in metro areas nationwide, rents rose faster than incomes.
The report examined rental housing affordability trends from 2006 to 2014, identifying the impact these trends had as the renter population increased and affordable housing rates continued to decline.
Topping the list for the least affordable cities: Washington D.C., San Francisco, Los Angeles, and New York (no big surprises here).
In all but two metro areas, single-family homes accounted for at least 40 percent of the increase in the rental housing stock. More than one in five renters lived in a single-family home in 2014 in every metro area except Boston and NYC.
"This study shows that affordable housing is becoming increasingly out of reach for many low- and even moderate-income renters in the nation’s largest metro areas — both in the central cities and their surrounding suburbs," said Ingrid Gould Ellen, faculty director of the NYU Furman Center.
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