Rental Prices Soar in North Carolina

Rental prices continue to skyrocket across the U.S. The average monthly rent cost increased by 16% nationwide, according to an analysis of Apartment List data by Durham’s WTVD. The increase was even higher in North Carolina. Since last year, the average cost of rent increased by 20% or $200 on average across the state. Just in the last six months, many areas of the state reported a 10% spike in monthly rent.

Author: Mike Jackson