It’s a good time to be a renter almost everywhere — except the Midwest
Published On Jan 18, 2025, 7:46 AM
The article discusses the current state of the rental market in the United States, highlighting that while rents are stabilizing or declining in many regions, they continue to rise sharply in the Midwest, particularly in cities like Cincinnati, St. Louis, and Kansas City. This trend is attributed to a strong local economy, increased demand due to an influx of new residents, and a significant lack of housing supply caused by slower construction rates in the region. As a result, many renters are facing escalating costs, which could push housing affordability out of reach in a region previously known for its reasonable living costs.
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With rising rents and a struggling housing supply in the Midwest, particularly in cities like Cincinnati, this could present opportunities for real estate investment, especially in rental properties or REITs focused in these markets. The ongoing demand for housing and rental spaces indicates a sustained upward trend in rental income potential, despite broader national trends.