Tuesday, March 29, 2016
The Rising Cost of U.S. Rent
Geoff Boeing has mapped the median cost of renting a property in the United States. He has also mapped where rents are rising the most across the country.
The Landscape of U.S. Rents uses data from the American Community Survey to show the median cost of rent in every every metro/micropolitan area. By selecting the 'switch data' button on the map you can also view where rents rose the most from 2010 and 2014.
The map reveals that along both the western and eastern sea-boards rents are very high, while rents tend to be cheaper on the whole away from either coast. However the map also seems to reveal that rents inland are rising at a faster rate than rents on the coast.
Geoff has also provided a table showing the 15 metro areas in the US with the highest median rents and a table showing the top ten areas which have had the greatest increase in rents.