FAST FIVE: These Are The American Cities Where Rents Rose The Most

Published by on

Renters in many markets are seeing increases of 20% or more as they sign new leases, and, with the nationwide rental vacancy rate at just 5.6%, renters have few alternatives to find more affordable housing.

Source: Stessa On the supply side, the US has an estimated shortage of nearly 4 million housing units.

Zoning and density restrictions have made it more difficult to add housing stock in many locations, both for rentals and owner-occupied units.

With rising real estate prices, 70% of the growth of the rental market since 2009 has come from higher-income earners who might otherwise have bought a home.

Source: Stessa The pandemic-era economy has made all of these issues worse.

Categories: ZH