Webzillow observed renter demand index (zordi):

Webleveraging data collected from about 5. 6 million homes listed for rent between june 2023 and may 2024, zg has come up with key insights for rental upgrades that are taken by millennials and.

A measure of the typical observed rental market engagement across a region.

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Zordi tracks engagement on zillowโ€™s rental listings to proxy changes in rental demand.

Wages caught up last year nationally and in about half of major metros.

Web64% of recent renters considered buying when they were looking for a home to rent, especially gen z and millennial renters.

Webrents have outpaced wages in 44 of the 50 largest u. s.

In new york city, rents grew more than seven times faster than wages last year โ€” the largest gap in the country.

Webrents have outpaced wages in 44 of the 50 largest u. s.

In new york city, rents grew more than seven times faster than wages last year โ€” the largest gap in the country.

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