TMacOnTheTrack t1_j7fh7f7 wrote on February 6, 2023 at 12:30 PM

Reply to comment by BPCGuy1845 in Apartment Hunting Prices...Is There A Catch, Here? by [deleted]

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.

BPCGuy1845 t1_j7ga01s wrote on February 6, 2023 at 4:17 PM

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/

TMacOnTheTrack t1_j7k0jcl wrote on February 7, 2023 at 10:18 AM

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.”