Las Vegas, NV: 45.6%
Buffalo, NY: 41.8%
Scottsdale, AZ: 36.8%
- What has caused the rental prices to increase in these cities during 2020?
- Would the cost of housing and rental prices affect where you decide to live? Why?
- How might an increase or reduction in housing rental prices affect a decision to pursue homeownership?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (HowMuch):
“During 2020 with telework mandated for many across the nation, many Americans opted for new surroundings, free from the restrictions they once had. As such, various U.S. cities experienced increases and decreases in average costs of rental properties, such as two-bedroom apartments. As our visualization shows, these percentages varied widely across cities from April 2020 to April 2021.”
Give your students an opportunity to discuss budgeting for housing in PROJECT: Budgeting with Roommates