Rents are rising faster at the lower end of the market
Average rents on single-family homes rose by about 3 percent nationally in 2018, according to a report out Tuesday from CoreLogic, up from 2.7 percent in 2017. As it happens, that’s about how much average wages grew during that same period before you factor in inflation. But those increases are lopsided. For the fifth year in a row, rents have increased the most, percentagewise, at the lower end of the market, meaning the people who are getting hit hardest tend to be the ones who can least afford it.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
