SNAP Benefits Recipients in Massachusetts
Monthly
BRMA25M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,092,236.00
Year-over-Year Change
4.86%
Date Range
1/1/1981 - 6/1/2023
Summary
The Monthly Trend measures changes in the rental price of apartments in the 25 largest metropolitan areas in the United States. It is a key indicator of housing affordability and cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Monthly Trend tracks the median rental price for a standard 2-bedroom apartment across major U.S. metro areas. This data is used by economists, policymakers, and real estate analysts to monitor housing market dynamics and inform decisions around housing policies and development.
Methodology
The data is collected through surveys of property managers and real estate listings.
Historical Context
Rental price trends are closely watched for their impact on consumer spending, inflation, and quality of life.
Key Facts
- Rents in the 25 largest metros rose 5.2% in the past year.
- The median 2-bedroom rent is now $1,450 per month.
- Rental costs have outpaced income growth in many major cities.
FAQs
Q: What does this economic trend measure?
A: The Monthly Trend tracks changes in the median rental price for a standard 2-bedroom apartment across the 25 largest U.S. metropolitan areas.
Q: Why is this trend relevant for users or analysts?
A: Rental prices are a key indicator of housing affordability and the cost of living, which are important factors for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of property managers and real estate listings.
Q: How is this trend used in economic policy?
A: Rental price trends are closely monitored by economists and policymakers to inform decisions around housing policies, development, and their impacts on consumer spending and inflation.
Q: Are there update delays or limitations?
A: The Monthly Trend data is released with a 1-2 month lag and may not fully capture rapid changes in local rental markets.
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Citation
U.S. Federal Reserve, Monthly (BRMA25M647NCEN), retrieved from FRED.