Other Financial Information: Estimated Monthly Rental Value of Owned Home by Region: Residence in the Northeast Census Region
CXU910050LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,668.00
Year-over-Year Change
64.33%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the estimated monthly rental value of owned homes in the Northeastern United States. It provides insights into regional housing costs and cost of living for policymakers and analysts.
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 Estimated Monthly Rental Value of Owned Home by Region: Residence in the Northeast Census Region tracks the average imputed monthly rent for owner-occupied homes in the Northeastern United States. This metric is used to assess regional differences in housing affordability and the cost of living.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding regional economic conditions and informing housing and economic policies.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Rental values reflect the cost of housing, a key component of the cost of living.
- Policymakers use this data to assess regional economic conditions and inform housing policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated average monthly rental value of owner-occupied homes in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional housing costs and the cost of living, which are important for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to assess regional economic conditions and inform housing and cost-of-living policies.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some delay in publication.
Related Trends
Consumer Unit Characteristics: Number of Vehicles by Region: Residence in the Northeast Census Region
CXUVEHICLESLB1102M
Expenditures: Other Household Products by Region: Residence in the Northeast Census Region
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Expenditures: Small Appliances, Miscellaneous Housewares by Region: Residence in the Northeast Census Region
CXUSMAPPHWRLB1102M
Expenditures: Apparel, Children Under 2 by Region: Residence in the Northeast Census Region
CXUINFANTLB1102M
Expenditures: Postage and Stationery by Region: Residence in the Northeast Census Region
CXUPOSTAGELB1102M
Expenditures: Apparel, Women and Girls by Region: Residence in the Northeast Census Region
CXUWMNSGRLSLB1102M
Citation
U.S. Federal Reserve, Estimated Monthly Rental Value of Owned Home by Region: Residence in the Northeast Census Region (CXU910050LB1102M), retrieved from FRED.