5 surprising cities where rents increase in the middle of Covid-19
All cities are not suddenly more affordable because of coronavirus.
Grocery storeshortage,shop closingand recordunemployment The numbers all left their mark on what was a really difficult year to which we will all be happy to see the end. But if there is a tiny silver lining at a global pandemic, it's the leasing price drop across the nation. Law? Well, not exactly.
Although many large cities have experienced rents, there are many medium-sized cities across the nation.where rents have actually increased through the board during the coronavirus pandemic. This is according to a new report of the real estate platformZumper, who focused hisData More specifically about the unit prices of a room (which researchers say a precise representation of the rental market as a whole).
Curious to know if your city is experiencing a wave of rent price? Keep reading to find out. And to learn more about the markets where rents fall, make sure you have read howRents start falling in these 9 major American cities.
6 Lincoln, Nebraska
According to data published by Zumper, the capital of Nebraska (and the University of Nebraska University) recorded an increase of 5.2% at the rents of 1 median room, which would officially cost you $ 810 a month. And for more information on how Nebraska is doing these days, checkMidwest states that see a new thrust in COVID-19 cases.
5 Laredo, Texas
Laulevée, Texas experienced an increase of 5.3% of the average rental of a 1 bedroom apartment last month, according to Zumper. The average rent of such a place is currently $ 790, which puts the deredo as the 92nd market for the most expensive rental of the nation.
4 Norfolk, Virginia
The Virginian city of Chesapeake Bay houses colleges and a massive naval base. The apartments reached 5.4% in the last month. The average cost of a one-bedroom apartment is $ 970, making it the most expensive 60th rental market in the nation.
2 (Attaché) Chattanooga, Tennessee
Chattanooga, Tennessee, is the first of the two urban areas related to the second increase in rental rates, seeing a growth of 5.6% in the last month. The average rental price for a one-bedroom apartment in Tennessee town is $ 950, making it the 63rd most expensive rental market in the country.
2 (Attaché) Cincinnati, Ohio
Cincinnati, Ohio, was linked to the second because it also had a 5.6% increase for a one bedroom apartment, which now costs $ 950 a month. Like Chattanooga, Cincinnati is also the 63rd most expensive rental market in the United States. For more news from Ohio, checkMidwest states that see a new thrust in COVID-19 cases.
1 Detroit, Michigan
The city of Motor has experienced the highest increase in the average rental price of a one bedroom apartment. The rent is less than other cities listed, as you can rent a bedroom for only $ 740 per month on average (which makes the 92nd rental market the most expensive), but it is 'an increase of 5.7% from last month.