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Average Rents In City Of Detroit Skyrocket 30% In Just Three Years

It’s something that a lot of Detroiters have been feeling but the data hasn’t been there to back it up — until now. A new report from SmartAsset utilizing U.S. Census Data shows that rent is rising very quickly in the City of Detroit. So fast that when compared to income, it’s the fifth fastest rising rental market as far as percentage of household income. Taking top spot on the list was New Orleans, who saw their rents rise as a percentage of their income 10.5%. Then Cleveland, 9.2%; Chicag...

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