Realtor.com® Rent Report: Rental Affordability Improves for Minimum Wage Earners
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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Source: PR Newswire
Nationwide, rents continue to fall. The national average across the top 50 metro areas slipped to $1,693, down 1.0% from last November.AUSTIN, Texas, Dec. 16, 2025 /PRNewswire/ -- Across the 50 largest metropolitan areas in the United States, the median asking rent for 0–2 bedroom units fell for the 28th consecutive month on a year-over-year basis, according to the Realtor.com® November Rental Report. The national median rent now stands at $1,693, down $17 (or 1.0%) from last November. While this marks modest relief since the post-pandemic peak, rents remain 17.2% higher than in November 2019, keeping affordability challenges in the spotlight.The cooling trend, coupled with state and local minimum wage increases, is beginning to create a notable, though still limited, improvement in rental affordability for the country's lowest-wage earners."Two years of sustained rent declines have offered modest financial relief to renters nationwide, and as we approach the new year state-level mini
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