Realtor.com’s latest assessment of the rental market offers a lead on more affordable apartments.
It ’s been said before and I ’ll say it again : Rent is too damn high . That might not be a cohesive enough statement to power an entire political political party , but it is an accurate judgment of the rental marketplace in America . accord to asurvey conducted by Zillow , workers create the minimum remuneration in the 50 biggest US cities ca n’t afford to hire an flat in more than 40 of them . From my perspective , that make 80 % ofAmerica ’s large citiesunlivable .
Even when people are able to afford rent with their wage , it is historically a larger share of their income than in decade retiring . According to The Hill , theaverage American is split - burden , and the US is myopic about one million unit of measurement of affordable trapping . If you ’ve taken a walk through most business district surface area lately , you ’ll see evidence of that with all of thegentrification gray , austere apartment building .
According toRealtor.com , there are still a few metro region where you’re able to get flat for rent for less than $ 1,300 . ( I weep as I type this — I myself am project to move out of New York City because I ca n’t recover anything in my budget.)Realtor.com ’s January Rentals Reportrevealed which 10 cities are still relatively low-priced … for now .
Oklahoma City, Oklahoma|Sean Pavone/Shutterstock
1 . Oklahoma City , Oklahoma , average economic rent : $ 9822 . Louisville , Kentucky , median economic rent : $ 1,1673 . Birmingham , Alabama , median rent : $ 1,1784 . Rochester , New York , median rip : $ 1,2355 . Columbus , Ohio , median split : $ 1,2426 . Indianapolis , Indiana , median snag : $ 1,2667 . Memphis , Tennessee , medial rip : $ 1,2748 . St. Louis , Missouri , median rent : $ 1,2799 . Cleveland , Ohio , median rip : $ 1,29010 . Kansas City , Missouri / Kansas , median rent : $ 1,298
The first thing you ’ll mark about this list is that none of the 10 cities are on the West Coast , and only one is in the Northeast . Oklahoma City is the only city of the 50 magnanimous city that has a medial apartment rent of less than $ 1,000 .
While the rental market eventually seems to be chilling out a routine , ( this is the slowest increase in prices in the last 22 months ) it ’s still not a market you could plan your future with . I mean seriously . Do you desire me to contrive for a family , marriage , retreat , investing , anything at all when more than 30 % of my income just locomote towards my housing ? Unrealistic .
As we remain to hold back and act upon towards lodging for all , if you are similarly struggling with rent prices it wo n’t hurt to check out flat in the city above .
