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States with the fastest-growing rents

  • #1. Washington DC

    - 2000-2019 median rent growth: 159.4%
    --- Median rent: $618 in 2000; $1,603 in 2019
    - 2000-2019 median household income growth: 123.8%
    --- Median household income: $41,222 in 2000; $92,266 in 2019

    While median household income in Washington D.C. has more than doubled since 2000, rent has climbed even higher. Strong job growth in the region has created a tight and competitive housing market that allows for higher prices to prevail. However, the coronavirus pandemic may be changing the rental market significantly. Prices for apartments have fallen by more than 11% during the pandemic, according to a report from Zillow.

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