Unit Affordability Over Time

Unit Affordability Over Time

The time series of housing affordability dashboard takes a deep dive into metro (MSA) specific data, investigating how average apartment rent has changed over time. Rents are displayed in nominal terms, but also presented as a percent of Area Median Income (AMI) based on the type of unit (studio, 1 bedroom, and 2 bedroom). Using HUD published AMI limits over time, the dashboard displays individual metro market data comparing each unit type based on its level of affordability, or a single unit type's nominal rent over time. Comparison of multiple markets allows for the selection of a specific unit type, and displays affordability of an average unit over time.