Facts of the Week

2023 and 2024 Marked the Highest Annual Rent Growth in the Last Decade

Note: All values adjusted to 2024 dollars using the U.S. Bureau of Labor Statistics’ R-CPI-U-RS, available at http://bit.ly/42xHMw7. Data are unavailable for 2020 due to the impact of the COVID-19 pandemic on American Community Survey data collection. As such, annual real growth of…

Renters Were Much More Likely to Live in Poverty Than Homeowners in 2024

Note: This chart displays supplemental poverty measure (SPM) rates in 2024. SPM takes into account noncash benefits from anti-poverty programs, tax credits, and removes the costs of necessary expenses from income determinations.   Source: Emily A. Shrider and Christina…