Approximately it’s about $995 per month in Ohio. To one’s shock, rental prices in Los Angeles have come down to an amicable scale. “Small time metros” they were called once. Rental prices for apartments didn’t get cheaper in small metros as expected.
Living in one of the top metros paying moderate rental price, and that’s the point one shouldn’t be thinking any further about moving.
Small metros with higher % of rental prices
Renters living in the given places would probably be thinking about moving to big metros henceforth. A dramatic increase in the rent has made their livelihood a bit shaky.
Reasons being well-organized infrastructure no wonder that landlords have increased the rent by 85%. Steady agriculture, oil resources, water resources and mineral resources being the prime reasons.
San Angelo (TX), Wooster (OH), Williston (North Dakota), Indiana (PA), Glen Falls (NY), Nacogdoches (TX)
Listings boomed within a year’s span in these regions. Developers were seen interested in small metros since the year 2012. To be specific rental rates have increased from $536 to $995 approximately. Similarly, it was $460 in San Angelo in 2013. Figures turned into fright to the renters in this small time metro in 2014 ($678 approximately).
On the whole, rental increase in such places seemed like it’s going to on rising scale forever. Census shows a drastic increase by 70%.
Looking into it further, Williston (North Dakota) towers its rivals. Moderate livelihood has reached up to $4,500 per month, if renters are willing to occupy a 3 bedroom-3 bath apartment/penthouse! Shared living is much of a question with such steep prices.
Big cities with fallen % of rental prices
On the other side of the colored glass, there goes a fall surprisingly low. Provided with every utility one could count on as laundry unit, pet-friendly space and policy, air conditioning, dishwasher, stainless steel kitchen and oven, 2 bedroom-2 bath units are offered at cheap rental prices.
Kansas City (KS), Tucson (AZ), Birmingham (AL), Tulsa (OK), Oklahoma City (OK), Greensboro (NC), Huntsville (AL)
Livelihoods of renters in the big metros of America make room for savings a bit more. Reason duly a fall in rental prices.
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