Soaring rents are putting many families in peril
The Boston Globe - 12/09/2013
The median rent in Massachusetts has climbed to $1,000 a month, according to the study. Hawaii had the highest median rent, $1,300, followed by Washington, D.C., at just below $1,200. And while median rents nationally have risen 7 percent to $861 a month in 2012 from $802 in 2000, median renters’ incomes have fallen from $3,106 to $2,711 in the same period, the report said.
Another study of the local housing market, released in October, found that rents in Greater Boston were the third highest among the nation’s metropolitan areas. Rents in Greater Boston averaged $1,800, compared to $1,300 a decade earlier, according to the study by Northeastern University researchers.
The median rent in Massachusetts has climbed to $1,000 a month, according to the study. Hawaii had the highest median rent, $1,300, followed by Washington, D.C., at just below $1,200. And while median rents nationally have risen 7 percent to $861 a month in 2012 from $802 in 2000, median renters’ incomes have fallen from $3,106 to $2,711 in the same period, the report said.
Another study of the local housing market, released in October, found that rents in Greater Boston were the third highest among the nation’s metropolitan areas. Rents in Greater Boston averaged $1,800, compared to $1,300 a decade earlier, according to the study by Northeastern University researchers.