Rents keep rising, but incomes grow to keep up in some areas

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SAN FRANCISCO BUSINESS TIMES (September 18, 2017) – Rents have risen across the country, but incomes in many areas have continued to grow with them, buoying the high-end apartment market, according to new data from several sources.

RealPage (NASDAQ: RP), a Texas-based software company that crunches data for landlords managing property, told Bloomberg this week that it found that median rent-to-income ratio “has held steady at around 23 percent since 2010” for the almost 6 million leases it manages.

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