Yup, The Rent in DC is Really High

by Prince Of Petworth December 21, 2010 at 1:30 pm 25 Comments

Photo by PoPville flickr user itsnoteasybeingaprincess90

Those who follow the afternoon rental options won’t be surprised but I didn’t realize rent had increased this much. The Washington Post reports this morning:

“In this region, rental prices surged 22 percent in 2009 from a decade earlier, according to the latest inflation-adjusted Census figures.

In local apartment buildings, rents jumped 8.2 percent — about twice the long-term average — to $1,643 this year as vacancies disappeared, according to a study to be released next week by Delta Associates, a Alexandria-based research firm. The area’s vacancy rates are the second-lowest in the nation, after New York City.”

Yikes, but I’ll still do my best to find some good ones!


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