Tag Archives: Rentals Getting Too Pricey for Many

More than 20 million rental households spent more than 30 percent of their income last year on rents. In fact, more than half of those renters spent at least half their income on housing, “severely burdening” their finances, according to Census data. Rents have been on the rise the last few years as demand surges. In the past seven years, median rent payments have soared nearly 20 percent from $728 to $871. Sme markets have seen double-digit increases in rent in just the last year, such as in cities like […]