{"id":7691,"date":"2018-01-04T00:00:00","date_gmt":"2018-01-04T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/renting-population-drops-as-prices-bump-up\/"},"modified":"2018-01-04T00:00:00","modified_gmt":"2018-01-04T00:00:00","slug":"renting-population-drops-as-prices-bump-up","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/renting-population-drops-as-prices-bump-up\/","title":{"rendered":"Renting Population Drops as Prices Bump Up"},"content":{"rendered":"

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<\/p>\n

For the first time since 2004, the renter population decreased, according to the Annual Rent Report from ABODO, an apartment listing<\/a> service. Still, renters continue to outpace owners, according to the report.<\/p>\n

There are about 43 million renters in the U.S., which is more than a third of U.S. households, according to a report from Harvard University\u2019s Joint Center for Housing<\/a> Studies.<\/p>\n

Despite the decrease in renters in 2017, landlords continue to raise rent prices. The national median rent for a one-bedroom rose 2.4 percent in 2017 to $1,040. Rents for two-bedroom apartments rose 3 percent from January to December 2017 to $1,252.<\/p>\n

Rent prices varied by region. Rents rose in 28 states last year as well as the District of Columbia; rents dropped in 21 states. South Dakota saw rental costs stay the same in 2017.<\/p>\n

\"\"<\/p>\n

Source: \u201cReport: America\u2019s 2017 Rental Market in Review: Despite Renter Population Decrease, Prices Jumped 2.4%,\u201d ABODO (Jan. 3, 2018)<\/em><\/p>\n<\/div>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time since 2004, the renter population decreased, according to the Annual Rent Report … Renting Population Drops as Prices Bump Up<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7692,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,617,1007,41,818,479,678,645],"class_list":["post-7691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-house","tag-owners","tag-property","tag-real","tag-realtor","tag-rental","tag-renting"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2967,"url":"https:\/\/amazingproperty.com.ng\/blog\/have-rents-finally-hit-the-peak\/","url_meta":{"origin":7691,"position":0},"title":"Have Rents Finally Hit the Peak?","author":"Amazing Property","date":"April 4, 2017","format":false,"excerpt":"The pace of rising rents is slowing in many of the priciest markets and is now spreading to other parts of the country. 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