While higher-income renters are facing the largest percentage increases in rent, lower-income renters are paying a larger share of their income toward rent, according to a new research report issued this week by RealPage.
Its 2022 Market-Rate Apartment Affordability Report, presented Monday at RealPage's RealWorld users conference in Las Vegas, is based on 7 million leases signed through RealPage customers.
The median rent-to-income ratio for the luxury Class A segment measured 20.5% compared to 22.1% in the Class B segment and 24.5% in the lowest-price Class C properties.
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