1030 ET - Renters are seeing income growth outpacing rent hikes, Zillow says. That puts an extra $193 back in the typical household's pocket each month. That's $2,318 more a year for groceries and gas, or a head start on a down payment. The typical asking rent rose just 1.8% year-over-year to $1,910, the slowest annual pace since 2020. Single-family rents climbed 2.5% year-over-year to $2,225, the slowest annual growth ever recorded in Zillow's data series, while multifamily rents rose 1.3% to $1,757. Across both segments, rent growth is running below income growth, easing the financial pressure renters have faced since the pandemic-era surge. Affordability is beginning to recover and move closer to historical norms. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 10:31 ET (14:31 GMT)

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