Rent To High! Rochester Cost Outpacing The Northeast Region
Written by Tariq on January 23, 2023
According to a new study by researchers in the housing market. The City of Rochester outpaced the entire Northeast region of the country in rent for single-family homes. Rentometer said that Rochester has much fewer options for single-family homes compared to demand since buying a home has become out of reach for more middle-class and low-income households. Activists fear it’s leading to more homelessness and communities becoming unstable.
The latest report from Rentometer shows the monthly rent for single-family units in Rochester jumped 25% in the last quarter of 2022, compared to 2021. Averaging $1673 a month, outpacing the whole Northeast region of the country. They say the city was not prepared for all this new demand and construction isn’t keeping up. Click Here To Read More.
Source: Rochester First
