Something Is Seriously Wrong With Rents in America (Video)
In this 11 November 2026 published video, host JJ talks about how rents are rising year after year.
The American rental market is under severe strain because high mortgage rates (averaging over $3,000 a month for homebuyers) have stalled the housing market and forced would-be buyers to keep renting, driving up rental demand while wages fail to keep pace with cumulative price hikes.
Since 2019, U.S. rents have risen by 42 percent, while renters’ household incomes have only grown by 34 percent. Over a multi-decade span, inflation-adjusted median rents have surged drastically compared to slow wage growth. High mortgage rates have pushed average monthly homebuyer payments to roughly $3,037, keeping homeownership out of reach and trapping households in the rental market. Typical national rent reached a three-year high of $1,932 as rental demand jumped nearly 20 percent. Nearly half of all U.S. renters and over half of families with children spend more than 30 percent of their income on housing (making them “cost-burdened”). Renters have a median household income of $57,000 compared to $103,000 for homeowners, hitting younger generations like Gen Z the hardest. Rent eats up over a third of average wages in more than half of U.S. states, with states like Hawaii and New York seeing rents consume around 50 percent of average earnings
A user on Reddit pointed out that even though their rent climbed roughly 35 percent since 2020, renting an older apartment still costs a fraction of buying a fixer-upper because home prices doubled and require massive upfront down payments.
https://youtu.be/pyKLHd-yFkQ
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