{"id":1004158881,"date":"2016-11-11T06:15:54","date_gmt":"2016-11-11T14:15:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158881"},"modified":"2020-05-11T23:54:11","modified_gmt":"2020-05-12T07:54:11","slug":"economy-watch-the-nations-top-cost-burdened-rental-markets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-nations-top-cost-burdened-rental-markets\/","title":{"rendered":"Economy Watch: The Nation&#8217;s Top Cost-Burdened Rental Markets"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004089481\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/slow-and-steady\/money_flow\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" data-orig-size=\"600,694\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"money_flow\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg?w=600\" class=\"alignright size-medium wp-image-1004089481\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" alt=\"money_flow\" width=\"259\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg?resize=259,300 259w\" sizes=\"auto, (max-width: 259px) 100vw, 259px\" \/><\/a>Another post-election moment: S&amp;P Global affirmed on Thursday the credit rating of the United States as AA+ with a stable outlook. &#8220;We assume the longstanding institutional strengths and robust checks and balances of the U.S. will support policy execution in a Trump administration, despite the president-elect&#8217;s lack of experience in public office,&#8221; the ratings agency said. Moody&#8217;s likewise had said (in September) the election wouldn&#8217;t impact its AAA rating for the country, regardless of how it went.<\/p>\n<p>Something the election isn&#8217;t going to affect, at least in the short term, is apartment rents (and indirectly, the outsized demand for affordable housing). Recently <a href=\"https:\/\/www.abodo.com\/blog\/heavy-housing-burden\/\" rel=\"nofollow\" target=\"_blank\">ABODO released<\/a> a report about the top &#8220;housing-cost-burdened&#8221; markets in the nation. That is, markets in which a majority of households spend more than 30 percent of their income on rent. Of the 100 MSAs with the most renters, 19 have the highest proportions of renters facing a cost burden\u2014all cities with at least 54 percent of their renters spending more than 30 percent of their income on rent.<\/p>\n<p>The Miami-Fort Lauderdale-West Palm Beach MSA is the most burdened market by far. Almost 64 percent of its renters\u2014the vast majority of whom earn less than $35,000 per year\u2014are cost-burdened. (If all metropolitan areas are considered, however, Atlantic City rises to the top with a whopping 65.5 percent of its renters cost-burdened, ABODO said.)<\/p>\n<p>Almost half the cities among the top cost-burdened markets\u2014including Los Angeles, San Bernardino, San Diego, and Sacramento\u2014are in California, a state in which rental costs are expected to keep rising through 2018. Aside from the Miami area, Florida also contributed two more MSAs to the list: Deltona-Daytona Beach-Ormond Beach and Orlando-Kissimmee-Sanford. New York City-Newark-Jersey City, unsurprisingly, makes the list, despite a recent slowing in rental rate climbs, but San Francisco-Oakland-Hayward does not, because while rents are very high there, relative incomes are too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent ABODO report revealed which U.S. metros are spending more than 30 percent of their income on rent.<\/p>\n","protected":false},"author":1269,"featured_media":1004089481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004158881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Watch: The Nation&#039;s Top Cost-Burdened Rental Markets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-nations-top-cost-burdened-rental-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: The Nation&#039;s Top Cost-Burdened Rental Markets\" \/>\n<meta property=\"og:description\" content=\"A recent ABODO report revealed which U.S. metros are spending more than 30 percent of their income on rent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-nations-top-cost-burdened-rental-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-11T14:15:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"694\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-nations-top-cost-burdened-rental-markets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-the-nations-top-cost-burdened-rental-markets\/\",\"name\":\"Economy Watch: The Nation's Top Cost-Burdened Rental Markets - 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