Skip to main content

Main Area

Main

States with the fastest-growing rents

  • #41. Idaho

    - 2000-2019 median rent growth: 70.9%
    --- Median rent: $515 in 2000; $880 in 2019
    - 2000-2019 median household income growth: 62.2%
    --- Median household income: $37,611 in 2000; $60,999 in 2019

    Beyond the CDC’s moratorium on renter evictions, Idaho has loose regulations on rentals, with landlords able to give as few as 15 days of notice before rent hikes at the end of a lease. Boise, the state’s capital, has seen the median rent increase by 9.4% between March and October 2020, according to data from Apartmentlist.com. The higher prices are forcing some Boise residents to move outside of the city.

  • #40. Georgia

    - 2000-2019 median rent growth: 71.1%
    --- Median rent: $613 in 2000; $1,049 in 2019
    - 2000-2019 median household income growth: 47.9%
    --- Median household income: $41,901 in 2000; $61,980 in 2019

    In Georgia, housing rental costs are growing much faster than that of household incomes. Despite the CDC’s moratorium on evictions for tenants who are behind on rent, some rural counties in Georgia have continued eviction proceedings, putting tenants at risk of homelessness, according to a report on WABE-FM Atlanta.

  • #39. Iowa

    - 2000-2019 median rent growth: 71.9%
    --- Median rent: $470 in 2000; $808 in 2019
    - 2000-2019 median household income growth: 50.5%
    --- Median household income: $40,991 in 2000; $61,691 in 2019

    A $20 million program to offer short-term financial assistance to tenants and homeowners in Iowa during the pandemic nearly ran out of money in mid-October. The state infused the program with another $9 million a couple of weeks later. Eligible renters who’ve lost their jobs or receive fewer hours or lower pay at work due to the pandemic can receive up to four months of financial assistance.

  • #38. Missouri

    - 2000-2019 median rent growth: 72.3%
    --- Median rent: $484 in 2000; $834 in 2019
    - 2000-2019 median household income growth: 27.3%
    --- Median household income: $45,097 in 2000; $57,409 in 2019

    Rental rates in Missouri have grown at more than double the rate at which wages have increased. Missouri’s inability to raise wages to keep up with rising costs of housing has created an affordability issue for many low- and middle-income residents, The Missouri Times has reported. In mid-October, tenants and housing activists in Kansas City protested at eviction hearings by chaining themselves to the Jackson County Courthouse doors.

  • #37. Connecticut

    - 2000-2019 median rent growth: 72.8%
    --- Median rent: $681 in 2000; $1,177 in 2019
    - 2000-2019 median household income growth: 57.1%
    --- Median household income: $50,172 in 2000; $78,833 in 2019

    In Connecticut, wages have not increased at the same rate as housing costs. The demand for rentals in the state has increased, particularly in areas like Stamford, due to its proximity to New York and ample educational institutions. Landlords are worried about an eviction wave that’s likely to occur once the state’s moratorium on removing non-paying tenants from their apartments expires at the end of the year, the Hartford Business Journal has reported.

    You may also like: History of workers' strikes in America

  • #36. Kansas

    - 2000-2019 median rent growth: 73.1%
    --- Median rent: $498 in 2000; $862 in 2019
    - 2000-2019 median household income growth: 51.2%
    --- Median household income: $41,059 in 2000; $62,087 in 2019

    While the cost of housing in Kansas has steadily increased, wages have not climbed as quickly. The state’s eviction prevention program has allocated $35 million in funding to help residents who’ve faced hardship during the coronavirus pandemic pay rent. Kansas has a moratorium on evictions in place until at least Jan. 26, 2021.

  • #35. Kentucky

    - 2000-2019 median rent growth: 73.7%
    --- Median rent: $445 in 2000; $773 in 2019
    - 2000-2019 median household income growth: 44.2%
    --- Median household income: $36,265 in 2000; $52,295 in 2019

    In Kentucky, rent growth has outpaced income growth by about 65%. Kentucky’s growing urbanization and lack of sustainable affordable housing have compounded to intensify the rising costs of rental units. To help offset the effects of the pandemic, the state has set up a rental assistance program to cover up to six months of rent for eligible tenants.

  • #34. Delaware

    - 2000-2019 median rent growth: 74.6%
    --- Median rent: $639 in 2000; $1,116 in 2019
    - 2000-2019 median household income growth: 39.3%
    --- Median household income: $50,365 in 2000; $70,176 in 2019

    Delaware’s stagnant wage growth has not kept up with the rising costs of rent. The state has allowed eviction filings to continue during the pandemic, with the requirement that landlords prove that removing the tenant is in the interest of justice, according to Money. Delaware offers housing assistance to eligible renters.

  • #33. Nebraska

    - 2000-2019 median rent growth: 74.9%
    --- Median rent: $491 in 2000; $859 in 2019
    - 2000-2019 median household income growth: 51.4%
    --- Median household income: $41,750 in 2000; $63,229 in 2019

    Like many other areas across America, Nebraska is seeing an increase in rental demand because homeownership is becoming less of a possibility for individuals in the bottom half of the income spectrum. The state has not implemented its own moratorium on rent during the pandemic.

  • #32. Maine

    - 2000-2019 median rent growth: 75.1%
    --- Median rent: $497 in 2000; $870 in 2019
    - 2000-2019 median household income growth: 58.1%
    --- Median household income: $37,266 in 2000; $58,924 in 2019

    Maine’s rental costs are impacted by the fact that more individuals are moving to the state, many of whom come from states with higher wages and costs of living, allowing them to pay top dollar for rentals. Higher numbers of tenants are facing eviction during the pandemic than usual. A legal group that offers defense for low-income tenants in Maine has seen a more than 20% increase in intakes from Aug. 3 to Oct. 26 compared with the same months in 2019.

    You may also like: Most common jobs in America 100 years ago