April 2025 Rental Market Update: Renters Spend Just 23.4% of Income on Rent—A Positive Shift in Housing Affordability
Housing affordability remains a critical issue for millions of Americans, but new data brings encouraging news for renters. According to a recent report, the average U.S. renter household spent just 23.4% of its income on rent in April 2025, marking a notable improvement from the 24.7% share recorded in April 2024. This trend places the […]