Garner Impact
Garner has also seen similar dramatic increases which has impacted the town’s housing affordability for teachers, government employees, police, fire, and other working class families.
Read in News & Observer: HERE
UPDATED AUGUST 26, 2022 12:23 PM
Greensboro one bedrooms are 75% higher than they were at this time last year. Raleigh, Durham, Charlotte, Cary and Winston Salem also see rent increases.
Highlights
ONE-BEDROOM RENT INCREASES IN THE TRIANGLE Greensboro saw the largest increase in one-bedroom rent prices year-over-year, out of all the cities listed in this report.
• Greensboro: At $1,289 on average in July 2022, Greensboro one-bedroom units are 74.2% more expensive than they were last year. Raleigh also made the top-10 list for largest increases to one-bedroom prices year-over-year, coming in as the fifth largest increase.
• Raleigh: At $1,840 on average in July 2022, Raleigh one-bedroom units are 42.1% more expensive than they were last year. Here’s how other listed North Carolina spots compare for one-bedrooms:
Charlotte: $1,596 on average in July 2022. This is over 23% more expensive than last year.
Durham: $1,539 on average in July 2022. This is over 33% more expensive than last year.
Winston-Salem: $1,293 on average in July 2022. This is over 22% more expensive than last year.
Josie Williams, executive director of the Greensboro Housing Coalition, says she’s seen a significant increase in homelessness and those at risk of homelessness over the past year.
“A 75% increase in rent prices isn’t only consistent with what we’re seeing… it’s getting worse,” she said. “I’ve seen rent increase from $600 to $900. I’ve seen rent increase from $550 to $1030. And we don’t have an excess supply of housing for people getting priced out of their homes to go somewhere else.”
Read in News & Observer: HERE