Southeast Rental Affordability Tracker Tool Debuts
For immediate release: November 14, 2018
The Federal Reserve Bank of Atlanta announced the creation of the Southeastern Rental Affordability Tracker, a tool that displays the state of rental affordability in the Southeast using 2015 American Community Survey data.
The tool allows users to visualize data and create profiles at the state, region, and city level. With the tool users can explore the availability of affordable rentals and cost-burdened households in an area.
In a recent analysis of Rental Housing Affordability in the Southeast, researchers found widespread lack of affordable housing in large metropolitan areas, small and midsized regions, and nonmetro regions throughout the Southeast, with particular cost burden on the extremely low- and very low-income households.
The tool and the recent research are a joint project between the Atlanta Fed and the Shimberg Center for Housing Studies at the University of Florida.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the U.S. government.