Need news in a flash? Here’s what’s happening in your community.

Using cost-of-living data curated by CareerTrends, Graphiq ranked the most affordable and most expensive large metro areas in the nation for two-children families in two separate lists. Ranking as the most expensive place to live in the U.S. was none other than the nation’s capital. Washington D.C. ranked in the top spot with a monthly price tag of $8,874, including monthly childcare bills that run residents an average of $2,597.

HomeUnion released the ten best and ten worst markets for single-family rental (SFR) property returns. Washington, D.C., where rent is barely affordable as is for 23 percent of the renting population, offers 4.6 percent cap rates. Cap rates are the correlation between the property’s net operating income (rent minus expenses) and the market value of the property.

To help determine which metros are most likely for homebuyers and renters to bunk up in a room, Trulia released a new report, titled the “Bunk Bed Generation.” In Washington D.C., residents who own aren’t likely to be in a tight squeeze, as only 6.6 percent of them were reported to be in a crunch. Renters are a different story, though, with 24.6 percent of them sharing at least one room.

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