Rent Prices In Three Texas Cities Have Largest Decreases In America
With rent prices going through the roof all over the country, we've seen the opposite in three Texas cities that have one of the largest rent decreases in the country. We have all the details.
CBS News is reporting that rent prices across the USA are rising faster than wages and jumped up 30.4% between 2019 and 2023, with even more inflation expected in 2024.
A website called Lawn Love recently did research on the rising rent prices in metro areas across America. They compared 196 of the biggest U.S. metros based on three categories. Lawn Love looked at average rent prices, year-over-year rent changes, and the share of renters spending over 30% of their income on rent and utilities, among 9 total metrics.
To learn how they ranked the cities, see their methodology.
What cities have the highest rent in the USA?
1. Miami-Fort Lauderdale-Pompano Beach, FL
2. Urban Honolulu, HI
3. Los Angeles-Long Beach-Anaheim, CA
4. Oxnard-Thousand Oaks-Ventura, CA
5. New York-Newark-Jersey City, NY-NJ-PA
Three Texas cities have seen quite the opposite trend as the rest of the country. In fact, these cities are currently experiencing one of the largest decreases in the average price of rent in the USA.
Three Texas Cities Have The Largest Decrease In Average Rent Over One Year:
Georgetown, Texas
Round Rock, Texas
Austin, Texas
WARNING: These Are the Counties With the Most Tornadoes in Texas
Gallery Credit: Stacker
More From 92.9 The Lake
