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Report Shows 61 Percent of Renters Can’t Afford Median Apartment Rate in U.S.

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Due to inflation eating away at earnings and less supply of affordable housing, the majority of Americans today cannot afford median rent prices, according to a new report by the real estate company Redfin.

The analysis comes as other reports indicate that both homeowners and renters are struggling with high housing costs due to inflationary pressures, an inflated housing market, low supply and demand for affordable housing.

The post Report Shows 61 Percent of Renters Can’t Afford Median Apartment Rate in U.S. appeared first on The Connecticut Star.


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