Unlock the Hidden Single-Family Rental Data Secrets That Slap Your ROI Into Overdrive—Here’s How Top Investors Are Crushing It!
Wage Data and Rent-to-Income Ratios
Beyond rents, Equity’s reports also provide average weekly wage data from the Bureau of Labor Statistics, converted into monthly income estimates. This is critical because rent alone doesn’t tell the full story—affordability does.
With wage data in hand, the reports calculate rent-to-income ratios—the percentage of a typical tenant’s income that would go toward rent. As a rule of thumb, a 30% rent-to-income ratio is considered affordable. Higher ratios may suggest tenant stress and higher turnover risk; lower ratios signal a sustainable rental market.
Post Comment