The States Where Rent Is Going Up The Fastest — And The Slowest

Maine median gross rents increased over 15% between 2022 and 2023.Sean Pavone/ShutterstockNearly half of renter households spent over 30% of income on housing in 2023.Maine, New Mexico, and Utah saw the largest gross rent increases between 2022 and 2023.Median housing costs for renters rose to $1,406, with Hawaii and Washington, DC, as high as $1,800.Renters are increasingly cost-burdened, and heightened housing costs, particularly in the Mountain region, aren't helping.New data from the Census Bureau's 2023 American Community Survey, released Thursday, reveals nearly half of renter households spent more than 30% of their income on housing in 2023.

BING NEWS:
  • LA could cap rent hikes next year to 2% under new city rent control recommendations
    If adopted, the proposals would considerably lower rent hikes next year for the 4 in 10 Angelenos who live in rent-controlled housing.
    11/8/2024 - 4:17 pm | View Link
  • Frustrated Americans await the economic changes they voted for with Trump
    Among wealthy countries, only Spain will experience faster growth this year ... than they were before inflation began to accelerate in 2021. Grocery bills and rent hikes are still causing hardships, ...
    11/8/2024 - 11:00 am | View Link
  • The Last Fastest Ocean Liner Set To Become The World’s Largest Artificial Reef
    The ocean liner will be transformed into the world’s largest artificial reef meant to serve as a tourist attraction for divers to visit Destin-Fort Walton Beach. The site will also feature a ...
    11/7/2024 - 8:18 am | View Link
  • 8 U.S. cities where people are moving to live cheaply: They'd 'rather pack their bags than pay a higher rent,' expert says
    The Bank of America Institute found that people are moving from higher priced areas to relatively less expensive cities.
    11/7/2024 - 5:07 am | View Link
  • Trump, one of real estate’s own, is heading back to the White House. Now what?
    In the hours after Donald Trump’s win was announced, some industry players were hopeful that Trump will be able to push through his tax proposals and cut down on regulations that make it harder to ...
    11/6/2024 - 11:20 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News