Rent on the rise in Charlottesville, increasing above nation

Rent on the rise in Charlottesville, increasing above national average


Rent on the rise in Charlottesville, increasing above national average
Rent on the rise in Charlottesville, increasing above national average
By CJ Paschall | March 1, 2021 at 7:50 PM EST - Updated March 2 at 12:19 AM
CHARLOTTESVILLE, Va. (WVIR) - Rent prices are on the rise in Charlottesville. According to a new rent report from ApartmentList.com, rent increased in the city 1.6% compared to last month. That’s twice as high as the national average of .7%.
Housing Economist Chris Saliviati with Apartment List says if working remotely continues after the pandemic, Charlottesville could see even more growth.
“If it is the case that a lot of employers are allowing a newfound remote flexibility, then places like Charlottesville actually could continue to see a bit of a boom as people move away from places like D.C. to places where they can afford to get a bit more for a bit less,” Saliviati explained.

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