Report: Rents Across U.S. Skyrocket — 98% of 1 Bedroom and 100% of 2 Bedroom climbed 20%+ in many markets

Lovin Jesus

Well-Known Member
Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. Apartment rents are up too.

“Of the markets in our analysis, 97.7 percent recorded price increases for one-bedrooms and all markets saw increases for two-bedrooms [100 percent],” the report, issued last month, said. “Nationwide rent prices have increased significantly year-over-year. One- and two-bedroom rents were up 24.4 percent and 21.8 percent, respectively.”

The average rent price for a one-bedroom was $1,684 and $1,997 for a two-bedroom.

The report listed the eight U.S. cities that have seen the largest increase in one-bedroom rent year-over-year. Six of those cities — Orlando, Florida; Huntington Beach, California; Chandler, Arizona; Jersey City, New Jersey; and Amarillo, Texas — have a population of 300,000 or less:

Long Beach, CA (+56.7 percent)
Chandler, AZ (+50.8 percent)
Amarillo, TX (+46.6 percent)
Huntington Beach, CA (+44.9 percent)
Jersey City, NJ (+43.6 percent)
Orlando, FL (+42.4 percent)
Irvine, CA (+39.2 percent)
Austin, TX (+36.9 percent)
Portland, OR (+34.2 percent)
Mesa, AZ (+30.6 percent)
The report also listed the U.S. cities that saw the greatest increase in two-bedroom rents, and four of those cities — Little Rock, Arkansas; Salt Lake City, Utah; Augusta, Georgia; and Fremont, California — have populations of 300,000 or less:

Fresno, CA (+71.3 percent)
Huntington Beach, CA (+55.2 percent)
Little Rock, AR (+45.0 percent)
Salt Lake City, UT (+43.2 percent)
Augusta, GA (+38.7 percent)
Albuquerque, NM (+38.3 percent)
Raleigh, NC (+38.2 percent)
Miami, FL (+36.3 percent)
Fremont, CA (+34.6 percent)
San Diego, CA (+34.3 percent)
“Many renters have put their home buying dreams on pause due to increasing home prices and bidding wars,” the report said. “Redfin shared that the median home price jumped 14 percent year-over-year in January while active listings remain low. But renting a home may prove just as hard as some rentals are receiving as many as 20 applications in a single day on the market.”

https://www.breitbart.com/politics/...-98-increase-for-1-bedroom-100-for-2-bedroom/
 

TimeWarpWife

Well-Known Member
Good golly, Miss Molly. That's insane! How on earth are people going to afford a place to live, put food on the table, put gas in their vehicles to get to work, afford medical care, and everything else. :faint2 Of course, I'm sure this is exactly what the Communist-Fascist Democrats' insane agenda is all about. DH and I both say that if we didn't already live here and paid off our mortgage early, we wouldn't be able to afford to live here. With inflation, food prices, gas prices, real estate and property taxes that keep rising exponentially and living in one of the most expensive counties in the U.S., I'm not sure how much longer we'll be able to live here.
 

cheeky200386

Well-Known Member
Yep, my husband and I are completely priced out in MA and we found out in FL too. Apartments had wait-list in FL. I'm praying the Lord provide a miracle where we could one day afford a place to live once my mom sells her home. Thank God we have a few more years before that.

Idk how people are living right now. I'm genuinely curious how others, especially single folks are affording it all.
 

Tall Timbers

Imperfect but forgiven
It wouldn't surprise me if the Federal govmint were to pay rent for hundreds of thousands if not millions of illegals which would drive up rent prices even further. As American citizens are forced out of their homes and onto the street because they can't afford a roof over their heads that'll just be more places for the illegals to move into compliments of uncle sam.
 

cheeky200386

Well-Known Member
It wouldn't surprise me if the Federal govmint were to pay rent for hundreds of thousands if not millions of illegals which would drive up rent prices even further. As American citizens are forced out of their homes and onto the street because they can't afford a roof over their heads that'll just be more places for the illegals to move into compliments of uncle sam.
That actually wouldn't surprise either, now that you mention it. It's an absolute disgrace how we citizens are being treated by our own government. It's also upsetting how it's the middle class that is suffering the most. The poor are getting housing and vouchers left and right, but anyone who makes just enough not to qualify is getting ripped off.
 

NewWine2020

Well-Known Member
That actually wouldn't surprise either, now that you mention it. It's an absolute disgrace how we citizens are being treated by our own government. It's also upsetting how it's the middle class that is suffering the most. The poor are getting housing and vouchers left and right, but anyone who makes just enough not to qualify is getting ripped off.

Yup. I think it's no secret that these people are striving for a worldwide culture that resembles Southern Cali; a place for only the crazy rich and the desperately poor. They hate the middle class and small businesses especially; they want us all to be worker drones for large, wealthy (and ideally "Woke") corporations.


Back in the day, (1980's) I worked in a Basha's bakery (local AZ chain) w/ a retired baker who used to own his own bakery in Philly, PA. He warned me about something he called "corporate fascism" and said THAT is what would take our country down.

I was a stupid kid back then. Now I can see w/ 100% clarity what he was referring to.
 

Len

Well-Known Member
Australia is not doing much better, rents and houses are on a steep upward climb ...... we are fortunate so far that our rent is stable and that because we rent from our daughter..... but have another daughter and her two children with us now...... God set us up in this home for these reasons I am sure!
 

JamesSuth

Well-Known Member
It is happening all over the world, and it is not by chance. Property prices have been increasing at unsustainable levels for several decades. I used the Bank of England inflation calculator to see what a typical 1970's house would cost today and it was 1/3 of today's price (and they were already too expensive back then with record inflation).

The reason it is happening is that central banks and governments are addicted to high property prices to keep their economies going as they currently are. So it is record low interest rates, help to buy, printing money, social housing (which reduces the amount of housing to buy), help with rent payments etc. It all creates an asset boom, and property is an asset, driven by debt.

The problem is that it makes buying or renting property almost impossible for normal people. So they spend their entire lives unable to own somewhere to live. They are permanently renters or in debt, or both. Of course there are older people who feel wealthy because they own their home, but they die, their estates are subject to inheritance tax and gradually they die off.

Most of what is described as 'poverty' today is simply the result of having to pay over the odds for housing, either as a purchase or a renter. We only earn so much and if a huge chunk goes on buying a house there is less for everything else. This probably has links to the end times. It is a massive bubble and when it bursts there will be hundreds of millions looking to the AC to keep them going.

God has blessed me (miraculously and through showing me how to save to buy a house) with a lovely home, but I have not stopped seeing that this is another form of enslavement to debt and government.

But, whatever happens on this life, we can be sure that God has a lovely house for every one of us in eternity. And it will be our ultimate house with no repairs, decay or risk! I read in the Bible that there are many mansions in Heaven. It is almost impossible to imagine, but I guess that each house, who we live with, and its surroundings will be perfect for each one of us. And we'll be able to enjoy other people's homes too in all their variety. I've walked down some tree - lined streets in America and thought 'this can't be far off what Heaven looks like'. Only time will tell, but it is very exciting. I'm sure there will be every type of lovely house we have on earth, there are literally hundreds or thousands of architectural styles, and also new ones we've never even invented here on earth!
 

Andy C

Well-Known Member
Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. Apartment rents are up too.

“Of the markets in our analysis, 97.7 percent recorded price increases for one-bedrooms and all markets saw increases for two-bedrooms [100 percent],” the report, issued last month, said. “Nationwide rent prices have increased significantly year-over-year. One- and two-bedroom rents were up 24.4 percent and 21.8 percent, respectively.”

The average rent price for a one-bedroom was $1,684 and $1,997 for a two-bedroom.

The report listed the eight U.S. cities that have seen the largest increase in one-bedroom rent year-over-year. Six of those cities — Orlando, Florida; Huntington Beach, California; Chandler, Arizona; Jersey City, New Jersey; and Amarillo, Texas — have a population of 300,000 or less:

Long Beach, CA (+56.7 percent)
Chandler, AZ (+50.8 percent)
Amarillo, TX (+46.6 percent)
Huntington Beach, CA (+44.9 percent)
Jersey City, NJ (+43.6 percent)
Orlando, FL (+42.4 percent)
Irvine, CA (+39.2 percent)
Austin, TX (+36.9 percent)
Portland, OR (+34.2 percent)
Mesa, AZ (+30.6 percent)
The report also listed the U.S. cities that saw the greatest increase in two-bedroom rents, and four of those cities — Little Rock, Arkansas; Salt Lake City, Utah; Augusta, Georgia; and Fremont, California — have populations of 300,000 or less:

Fresno, CA (+71.3 percent)
Huntington Beach, CA (+55.2 percent)
Little Rock, AR (+45.0 percent)
Salt Lake City, UT (+43.2 percent)
Augusta, GA (+38.7 percent)
Albuquerque, NM (+38.3 percent)
Raleigh, NC (+38.2 percent)
Miami, FL (+36.3 percent)
Fremont, CA (+34.6 percent)
San Diego, CA (+34.3 percent)
“Many renters have put their home buying dreams on pause due to increasing home prices and bidding wars,” the report said. “Redfin shared that the median home price jumped 14 percent year-over-year in January while active listings remain low. But renting a home may prove just as hard as some rentals are receiving as many as 20 applications in a single day on the market.”

https://www.breitbart.com/politics/...-98-increase-for-1-bedroom-100-for-2-bedroom/
Im glad this was not happening when I was a younger married Marine living in Irvine CA in the early 90s. Money was very tight back then.

It must be tough for a young married couple today trying to find affordable housing.

My daughter was fortunate when she found a 2 bedroom duplex 2.5 years ago, because the rent is only 1100 a month, 1/2 mile from our house. Similar duplexes today rent for at least 1700.
 

mattfivefour

Well-Known Member
That actually wouldn't surprise either, now that you mention it. It's an absolute disgrace how we citizens are being treated by our own government. It's also upsetting how it's the middle class that is suffering the most. The poor are getting housing and vouchers left and right, but anyone who makes just enough not to qualify is getting ripped off.
This should not be surprising. In communist nations there is no middle class. There are the masses who are entirely dependent on the government; then there are the privileged ones who populate the government bureaucracy and enjoy special benefits; and finally there are the select political few who run the government and enjoy every benefit and luxury they desire.
 

RobinB

Well-Known Member
I always thought that house prices was dictated by the demand for housing. So you get more people bidding on a house the price goes up.

That's exactly what happened all last year in the real estate market. It was a true seller's-market, they were getting higher and higher bids as the contracts came in. Which was great if you had a house to sell, if you then needed to buy another, not so much.
 

Ghoti Ichthus

Pray so they do not serve alone. Ephesians 6:10-20
I'm totally priced out of rentals here, even in "crummy" neighborhoods.
I can't rent, anyway, because pretty much no one will rent to someone with a German Shepherd (insurance-driven prohibitions)

I'm totally priced out of buying a house, condo, coop, or town home. Plus hordes of regular people trying to buy a house, house flippers, rental agencies, corporations buying housing for employees, and immigration agencies make bidding wars fierce.

When Dad dies or goes to a home and my parents' house sells, and I'm forced to move out, I trust that Jesus has a plan for me.


Regardless of where I end up in this life, there is a perfect place in God's House that Jesus will have prepared especially for me :smile
 

GotGrace

Well-Known Member
Good golly, Miss Molly. That's insane! How on earth are people going to afford a place to live, put food on the table, put gas in their vehicles to get to work, afford medical care, and everything else. :faint2 Of course, I'm sure this is exactly what the Communist-Fascist Democrats' insane agenda is all about. DH and I both say that if we didn't already live here and paid off our mortgage early, we wouldn't be able to afford to live here. With inflation, food prices, gas prices, real estate and property taxes that keep rising exponentially and living in one of the most expensive counties in the U.S., I'm not sure how much longer we'll be able to live here.
They are not going to afford it. They may end up completely homeless. I am not joking when I say that tents and those little buildings you put lawn mowers, etc in may rise in price because of demand. It is a very serious situation. When you put the price of just basic food, utilities, medicines etc on top of that it's not pretty. People can just charge up their credit cards so far and that's it. Many will never recover from this mess. I'm afraid this country has gone so far and the Lord is letting this stuff happen.
 

cheeky200386

Well-Known Member
I'm totally priced out of rentals here, even in "crummy" neighborhoods.
I can't rent, anyway, because pretty much no one will rent to someone with a German Shepherd (insurance-driven prohibitions)

I'm totally priced out of buying a house, condo, coop, or town home. Plus hordes of regular people trying to buy a house, house flippers, rental agencies, corporations buying housing for employees, and immigration agencies make bidding wars fierce.

When Dad dies or goes to a home and my parents' house sells, and I'm forced to move out, I trust that Jesus has a plan for me.


Regardless of where I end up in this life, there is a perfect place in God's House that Jesus will have prepared especially for me :smile
Same here. I'm trusting God to provide for us when my mother sells her house in 3-5 years.
 

NewWine2020

Well-Known Member
I always thought that house prices was dictated by the demand for housing. So you get more people bidding on a house the price goes up.

Normally that's true but we are in a situation that I don't believe has ever been; large multi-billion dollar corps w/ more money than they can use (Blackrock and Vanguard among others) just buying up all the single families homes so they can rent them out at rates many people cannot afford...

I've already been gentrified out of one apartment I rented at when I was younger because greedy developers tried to turn them all into condos.


when the bubble bursts (and, God willing , it will) these scumbag corps will be subsidized by US tax payer dollars because they are "tOo bIg to fAiL" ...


I swear, I'm not a socialist but this has me so angry that if I were not Christian and know this is part of God's plan, I would be out there throwing rocks and bottles with antifa and the "Occupy Wall Street" crowd.

This is no longer the capitalism we grew up with and it it's absolutely heartless. it is 100% the 1st stirrings of the 'great reset."
 

Carl

Well-Known Member
I shopped for a place back in 2011 through to 2013. Many houses were really tore up. I think they were the ones that were lost. But on the other side were the houses going for $500,000 and up. I wondered who could pay that much. Prices dropped somewhat from 2015 through 2016. Then they started going up again. But some of the banks and loan institutions really played games with financing house loans.
 

Ghoti Ichthus

Pray so they do not serve alone. Ephesians 6:10-20
They are not going to afford it. They may end up completely homeless. I am not joking when I say that tents and those little buildings you put lawn mowers, etc in may rise in price because of demand. It is a very serious situation. When you put the price of just basic food, utilities, medicines etc on top of that it's not pretty. People can just charge up their credit cards so far and that's it. Many will never recover from this mess. I'm afraid this country has gone so far and the Lord is letting this stuff happen.

Space in storage facilities, especially indoor climate controlled ones, is in very short supply, and prices keep going up, too. So when people lose their houses and apartments, they often lose their furniture, appliances, and personal belongings, as well :furious :rant :mad :wild :frust :cry

This also means it can be very difficult for a homeless person to rent a small space just to keep out-of-season clothing and other necessities safe. You can't do winter in Minnesota without winter clothing, and you can't do summer here in winter clothing. Both are deadly. Without a relatively inexpensive, lockable place to store a few things, homeless people pay more over time just to replace bare necessities year-to-year, season-to-season. As prices of everything continue to rise, continued replacement will become more and more impossible. As second-hand shops end up with people's clothing and belongings when they sell them to eat, it's possible that people could end up buying their own seasonal clothing the following year, assuming financial assistance or the people are working :cry

Eating while homeless can be more expensive than if one has a refrigerator and a way to cook meals because eating out and eating prepared items is more expensive.

Easy to see how a day's wages, especially when working at menial takes like sweeping a parking lot or picking up and recycling cans, would be taken up entirely just by food.


:pray: pray :amen :amen
 
Top