Apartment Market Rent Prices by Census Tract

Description

Displacement risk indicator classifying census tracts according to apartment rent prices in census tracts. We classify apartment rent along two dimensions:
 

  1. The average rents within the census tract for the specified year, balancing between nominal rental price and rental price per square foot.
  2. The change in average rent price (again balanced between nominal rent price and price per square foot) from the previous year.
Note: Average rent calculations include market-rate and mixed-income multifamily apartment properties with 5 or more rental units in Seattle, excluding special types like student, senior, corporate or military housing.   Source: Data from CoStar Group, www.costar.com, prepared by City of Seattle, Office of Planning and Community Development

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