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RICHMOND — Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median…
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Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median rent estimates. The average percent change statewide in rental costs was 24%. A wide range of occupations spend well over 30% of income on rent, some double that number. Numerous problems have compounded to create what was recently declared an affordable housing crisis by Richmond Mayor Levar Stoney and the City Council.
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Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median rent estimates. The average percent change statewide in rental costs was 24%. A wide range of occupations spend well over 30% of income on rent, some double that number. Numerous problems have compounded to create what was recently declared an affordable housing crisis by Richmond Mayor Levar Stoney and the City Council.