Three Texas Cities Have The Highest Rent Increases In The Country
Three Texas cities are among the leaders in the nation when it comes to how much the cost of rent has skyrocketed in their town.
A website called Lawn Love identified the Most Expensive Metro Areas for Renters, because rent accounts for the majority of the increase in inflation over the previous year.
U.S. metro areas were compared in three different categories. Among the nine overall metrics they examined were average rent prices, rent variations from year to year, and the percentage of renters who spend more than 30% of their income on rent and utilities. To learn how the cities were ranked, check out their methodology.
In fact, in the Lawn Love article, two Texas cities rank #1 and #2 for the highest rent increases in the nation.
What cities in Texas had the highest increases in rent?
5. Lubbock, Texas
2. Midland, Texas
1. Odessa, Texas
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