Renters’ incomes are on the rise, though it may not feel like it due to the pace of inflation and rate of growth in rents, home prices, and interest rates. Over the last year alone, the number of renter households within our sample making less than $50,000 per year has decreased by 10 percentage points.
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Overall, the vast majority of households in small multifamily properties earn less than $100,000 per year, and the largest segment earns between $25,000 and $75,000 each year, similar to renters in other property types.
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