READING

The rent went up how much?

The rent went up how much?

By Kate Abbey Lambertz

Detroit is seeing significant rent increases in high-demand neighborhoods.

103,557: How many more affordable rental properties Metro Detroit would need to add so all the region’s extremely low income families could have affordable places to live, according to the latest National Low Income Housing Coalition report on affordable housing.

Put another way, for every 100 extremely low income families, there are only 32 homes they can afford. (Extremely low income is defined as “at or below 30 percent of area median income”; AMI is for the county and much higher than actual incomes in Detroit proper, so extremely low isn’t that extreme. The benchmark for affordable rent is spending 30 percent of household income or less.)

80 percent: The increase in average apartment rents in Detroit from July 2011 to last month, the largest of any major city, according to a Metro Times report on rent.com data (unclear if the data includes single family homes as well as multi-unit buildings).


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