RALEIGH – Triangle rent prices were among the highest in the nation last month, a new report from Apartment List finds. Meanwhile, renters are still feeling squeezed by a housing market where homes are hard to come by, whether for sale or rent.
This video is not supported on your platform. If you are using IE 10 or lower please consider using IE 11, Edge, Chrome, or Firefox.
Durham ranks fifth and Raleigh ranks 13th among the nation’s 100 largest cities for the month-over-month percentage increase in rental prices, according to the latest data from Apartment List.
Those prices have jumped dramatically in the last month, according to Apartment List’s data set, and many Triangle residents are finding it challenging to find housing.
An estimated 5,000 new residential rental units became available in the last 12 months. So why have rental rates spiked nearly 20% in Wake County?
In Durham, rent grew by 2.6% last month and 15.7% in the last year, with the median rental price across the entire data set of $1,460 per month. Compared to July 2021, when the median rental price was $1,263 per month, typical rent is now nearly $200 more per month than it was a year ago.
And in Raleigh, prices have increased, on average, by 1.9% in one month’s time, with an increase of 15.7% since last year, according to the data. In the city, the median monthly rental price across the data set is now $1,532. That’s a jump of $208 per month compared to July 2021, when the median...
Singhania hires top defamation lawyer after being wrongly portrayed as a predator during Vitaly's livestream Santa Ana Today Streamer Vitaly Zdorovetskiy has apologized after wrongly branding Akash...