Where Data Tells the Story
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We were commissioned by CashNetUSA to identify the most affordable Zip codes to rent across America. To do this, we compared the average household incomes and annual rent costs in each ZIP code using U.S. Census data and Zillow’s Observed Rent Index (ZORI). Then, we ranked ZIP codes by affordability, the most affordable being the ZIP codes with the lowest rental costs as a percentage of local incomes. We considered figures below 30% of gross income as the standard affordable rent outlay defined by the U.S. Department of Housing and Urban Development
Key Findings