Study shows rent prices increasing four times faster than income – Center Square

According to RentData.org, in downstate Illinois, Champaign at $977 a month and Bloomington at $870 a month are both considered high compared to the national average. Other areas include Springfield with an average of $843, and Carbondale at under $800 a month.
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Freddy
1 year ago

Other than rising property taxes rising how many landlords refinanced their mortgage with historic low interest rates so some costs are lower? Seems like if you tried to evict a tenant during Covid they would immediately get the virus once they stepped out the front door. One reason for rising rents is non payment from previous tenants due to that they could not be evicted. New tenants are paying a higher price because landlords are try to make up the difference from losses. Some landlords are just riding the wave because everyone else is raising so why not.

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