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Three-quarters of rental listings on Zillow were affordable to a median-income household in May, the highest share ever recorded for that month, according to a new Zillow analysis.
The milestone marks a tangible return on years of elevated apartment construction across the United States, with the supply expansion now visibly shifting pricing power toward renters.
Supply Arithmetic Finally Works in Renters' Favour Zillow's figure — 74% of listings falling within reach of the median-income household — is notable not just for its level but for when it arrived.
May is typically a strong month for landlords, when leasing season demand historically props up asking rents.
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