How DC-Area Renters Lost 95 Square Feet in Five Years
DC-area renters are not getting the same bang for their buck that they did five years ago.
An upcoming HotPads analysis estimates that renters in the region pay the same amount for 95 fewer square feet today than they did in 2014. The study concludes that the median rent has risen 7.7 percent to $2,175 in the last five years while the median apartment size in the region has dropped from 1,315 square feet to 1,220 square feet.
story continues below
loading...story continues above
Despite getting less space for their money, tenants in the region are still doing better than renters nationwide, who are getting 225 fewer square feet of space, or the equivalent of two fewer bedrooms, than they did five years ago. The median rent nationwide is $1,530 for a median of 1,260 square feet; five years ago, one could rent 1,485 square feet at the same price.
See other articles related to: hotpads, renting, renting in the dc area
This article originally published at https://dc.urbanturf.com/articles/blog/rising-rates-mean-dc-area-renters-lost-95-square-feet/15246.
Most Popular... This Week • Last 30 Days • Ever
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
For years, UrbanTurf has reported on the hefty profits that DC-area home sellers have... read »
As plans for a street reconfiguration at the intersection of New York and Florida Ave... read »
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- As Profits Rise, Capital Gains Tax Hits More DC Home Sellers
- The 1,700 Units In Various Stages Around Dave Thomas Circle
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro