(Undated) – A new Zillow report shows incomes are rising faster than rent increases nationwide for the first time in years.
According to Zillow, the typical asking rent was one-thousand-910-dollars in March, which is up one-point-eight percent from a year earlier and the slowest annual pace since 2020. Zillow estimates the average household has about 193 dollars more per month but even as rent growth slows, leasing prices are higher than a year ago in 37 of the 50 largest metros.
However, the report ranked Austin, Texas as the most affordable major metro for renters, with rent prices down more than two percent in March from the year before.
