affordable housing | WRAL TechWire - Part 2

affordable housing

Triangle rent prices cool, but watch out for more expensive housing in 2022

How much has rent increased? According to Apartment List analyst Lilla Szini, Raleigh’s rental rates have grown by 22% year-over-year, compared to an increase of just 1.5% in the period between November 2019 and November 2020, and rents in Raleigh are up by 21.9% since the onset of the global coronavirus pandemic in March 2020. In Durham, rents have grown 22.2% year-over-year, according to the Apartment List rental report for the Bull City.

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Feeling the squeeze in NC’s scorching real estate markets

North Carolina’s local real estate markets are scorching hot, with no signs of slowing appreciation. But as many brace for a potential increase in property taxes due to budget shortfalls from the COVID-19 pandemic, who’s most at risk due to the rising costs of residing in cities across the state?

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