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Real Estate Credit Www2 Census  Form

Real Estate Credit Www2 Census Form

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new tonight at 7 the US Census Bureau is out with some data showing how inflation has impacted rent for the first time in a decade the gross cost of renting which includes utilities grew more quickly than home values the data released today is from 2023 the average gross rent jumped nearly 4% while the average home value increased nearly 2% was also the largest increase in real rents since at least 2011 and in fact in every year between 2011 2019 real rent growth was less than 3% now ing to the Census Bureau data last year the average amount of people paid for rent was about $1,400 a month Connecticut was only about $60 more than that here's a graph from the US Census Bureau showing the states and where rent saw the biggest increases and declines Georgia Arizona and Florida had the highest jump in cost in fact Florida alone monthly rents increased 8% New York Minnesota can Illinois West Virginia and New Mexico had the largest declines with New Mexico dropping the most dropping

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