Rent prices rising in Tucson, across the country
TUCSON, AZ (Tucson News Now) - Renting a place to live in Tucson keeps getting more difficult for those who are not ready to buy. For those who are ready, higher rents can be a motivation to take the leap into home ownership.
According to Apartment List, the average rent for a two-bedroom apartment in Tucson is $770 a month, up nearly $20 over the same time last year.
The bright side is that Tucson is still a couple hundred dollars under the state average, and even further below the national average, which is $1,300 a month.
A few Tucsonans are lucky and are not seeing a rent increase this year. However, most renters are having to reach deeper into their pockets, just like tenants all across the country.
Nationally, rents have increased about 16 percent year after year.
In Tucson it is about three percent.
"We're faring a little bit better in that rents having gone up 3 percent, but those increases in rents are absolutely a trigger for folks wanting to purchase. So it is one of those tipping points that might encourage or induce somebody into becoming a homeowner," said Nicole Brule-Fisher, immediate past president of the Tucson Association of Realtors.
Talk to any renter across Tucson, and each has a story to tell.
"My rent on my flat has increased approximately between 35 and 40 percent in the years that I've been here, and that's about six or seven years," Tucson renter Ernest Littleton said.
For Tucsonans like Alexa Canela, the rent increase can be a problem.
"I'm actually going to be moving out for next year because the rates have increased. So I'm looking for something cheaper," Canela said.
As for those entering the housing market, Brule-Fisher said the millennial generation is driving the market.
Millennials are 25 to 34 years old, and many are trading a lease for a mortgage.
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