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BPCGuy1845 t1_j7bw61h wrote

You’d be hard pressed to find a $1000 1BR anywhere in the United States. DC rents are actually below other major cities, particularly if you incorporate inner ring suburbs.

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I_have_a_chair t1_j7c1o7x wrote

> DC rents are actually below other major cities, particularly if you incorporate inner ring suburbs.

Huh? The DC metro area is one of the most expensive areas of the country for rent and COL (the more useful indicator imo) by almost any measurement. The only US cities that are more expensive are NYC, San Francisco, LA and Honolulu.

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Cyprovix t1_j7c24fu wrote

Boston is more expensive than DC.

But yes, DC has some of the highest rents in the country.

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BPCGuy1845 t1_j7gbmzr wrote

Average rents are higher than DC in a dozen metro areas, including LA, Seattle, Denver, Miami, Boston, NYC, and SF. Orlando, Salt Lake, Phoenix, and Atlanta are closing in fast. That doesn’t make rent cheap or affordable. But DC has not experienced the same skyrocketing rental rates as other cities (yet).

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scheenermann t1_j7c1hlw wrote

Nah, you can get 1BR for under $1000 in many cities. Load up these parameters in Zillow for Midwest cities like St Louis or Cleveland and you'll be flooded with options.

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BPCGuy1845 t1_j7gatru wrote

Average rent in Cleveland and St. Louis is over $1550. They have seen 14% year over year increases. I’m sure there are select properties that rent less than a grand. But prices are skyrocketing everywhere.

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scheenermann t1_j7gk89z wrote

Average rent would include all housing stock.

Again, I invite you to load up Zillow and take a look for yourself. I put those parameters in for DC and I got two (2) options: one in Columbia Heights that already has a couple dozen applications and one in Barry Farms. For St Louis, I got 276 results. DC sounds "hard-pressed" to me, St Louis doesn't.

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TMacOnTheTrack t1_j7fh7f7 wrote

Girl (or guy) bye! You’ve lost the plot. DC is one of rhe most expensive markets in the country. And you can find rents under $1000 in many places.

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BPCGuy1845 t1_j7ga01s wrote

Actually, DC rental rates are below those in other comparable cities. Even places like Miami, Atlanta, and Phoenix are at or above average rent in DC. That doesn’t mean it’s cheap. It means other places have increased more than DC. Nationwide the trend of private equity-owned housing and cheap lending have resulted in massive increases. DC’s relatively low increase is a result of large rental housing stock and a market with fixed housing reimbursement (military, government on assignment, corporate).

Nationwide average rent is $1978. DC’s is $2571. Here is a look at various rental markets: https://www.rent.com/research/average-rent-price-report/

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TMacOnTheTrack t1_j7k0jcl wrote

I have a dear friend who moved from Phoenix to Tampa. I am well aware of rhe Tampan and Phoenician markets. The increases are shocking. More shocking in rhe sunnelt than DC. So you’re right that the sun belt has seen a sharper increase in rent versus the DC area. However, DC is still more expensive trust and believe.

Like Wale said “Come to DC and I’ll make you a believer.”

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