Chart of the Day: Rental v. Home Prices in US Cities

• June 2, 2015

Here’s a chart from via The Big Picture about increasing rental costs vs. home costs in US cities. Check out MSP on the list:

rental-fever

According to Ritholtz, “Rental costs are increasing faster than home values for the first time since 2012.”

But here in the Twin Cities, things are different. If we have a tight rental market, as I hear repeatedly, why is MSP one of the only places where rental costs have gone down? Is this a one-year anomaly?

 

Bill Lindeke

About Bill Lindeke

Pronouns: he/him

Bill Lindeke has writing blogging about sidewalks and cities since 2005, ever since he read Jane Jacobs. He is a lecturer in Urban Studies at the University of Minnesota Geography Department, the Cityscape columnist at Minnpost, and has written multiple books on local urban history. He was born in Minneapolis, but has spent most of his time in St Paul. Check out Twitter @BillLindeke or on Facebook.