{"id":7104,"date":"2023-06-08T16:25:34","date_gmt":"2023-06-08T16:25:34","guid":{"rendered":"https:\/\/affordablehousingonline.com\/blog\/?p=7104"},"modified":"2023-06-09T16:13:03","modified_gmt":"2023-06-09T16:13:03","slug":"rent-analysis-shows-uneven-increases-in-2023-housing-costs","status":"publish","type":"post","link":"https:\/\/affordablehousingonline.com\/blog\/rent-analysis-shows-uneven-increases-in-2023-housing-costs\/","title":{"rendered":"Rent analysis shows uneven increases in 2023 housing costs"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"600\" src=\"https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/06\/HousingCosts_1200.png\" alt=\"\" class=\"wp-image-7105\" srcset=\"https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/06\/HousingCosts_1200.png 1200w, https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/06\/HousingCosts_1200-300x150.png 300w, https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/06\/HousingCosts_1200-768x384.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>Fair Market Rents have increased by a national average of 10% since 2022, according to a <a title=\"Fact Sheet: HUD Releases FY 2023 Fair Market Rents - HUD.gov\" href=\"http:\/\/hud.gov\/sites\/dfiles\/PA\/documents\/FMR_factsheet_FAQs.pdf\">fact sheet<\/a> published by U.S. Department of Housing and Urban Development (HUD). And additional research by Affordable Housing Online has found that some areas of the country are experiencing much higher rent increases than the national average.<\/p>\n\n\n\n<p>Using HUD&#8217;s recently updated <a title=\"What are Fair Market Rents? - Affordable Housing Online\" href=\"https:\/\/affordablehousingonline.com\/housing-help\/what-are-fair-market-rents\">Fair Market Rents<\/a> for 2023, the data reveals spikes in housing costs all over the country.<\/p>\n\n\n\n<p>Some of these areas are reflecting rapid economic or population changes, like Divide County, ND,<strong> <\/strong>which saw a greater than 60% increase in rent changes due to the <a title=\"Census: North Dakota\u2019s oil counties, cities see big growth - AP News\" href=\"https:\/\/apnews.com\/article\/business-north-dakota-census-2020-4f5cfffde94a1445ba413e33a22df3ac\">North Dakota oil boom<\/a>.<\/p>\n\n\n\n<p>Other areas reflect households moving to commuter enclaves in hopes of reducing their housing costs. We see this in King and Queen County, VA, as residents who telework or commute to Richmond have <a title=\"Local commuters reexamining options - Gloucester-Mathews Gazette-Journal\" href=\"https:\/\/www.gazettejournal.net\/local-commuters-reexamining-options\/\">put strain on the local economy<\/a>.<br><br>Here are the biggest changes in Fair Market Rents over the last year:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Area<\/strong><\/td><td><strong>2023 FMR*<\/strong><\/td><td><strong>2022 FMR*<\/strong><\/td><td><strong>% Increase<\/strong><\/td><\/tr><tr><td>Divide County, ND<\/td><td>$1,267<\/td><td>$789<\/td><td>60.58%<\/td><\/tr><tr><td>Hood River County, OR<\/td><td>$1,716<\/td><td>$1,261<\/td><td>36.08%<\/td><\/tr><tr><td>Monterey County, CA<\/td><td>$2,675<\/td><td>$1,967<\/td><td>35.99%<\/td><\/tr><tr><td>Maricopa County, AZ<\/td><td>$1,740<\/td><td>$1,311<\/td><td>32.72%<\/td><\/tr><tr><td>Pinal County, AZ<\/td><td>$1,740<\/td><td>$1,311<\/td><td>32.72%<\/td><\/tr><tr><td>San Benito County, CA<\/td><td>$2,155<\/td><td>$1,649<\/td><td>30.69%<\/td><\/tr><tr><td>Esmeralda County, NV<\/td><td>$1,009<\/td><td>$782<\/td><td>29.03%<\/td><\/tr><tr><td>Kent County, MI<\/td><td>$1,326<\/td><td>$1,041<\/td><td>27.38%<\/td><\/tr><tr><td>King and Queen County, VA<\/td><td>$902<\/td><td>$718<\/td><td>25.63%<\/td><\/tr><tr><td>Washington County, AL<\/td><td>$883<\/td><td>$705<\/td><td>25.25%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">* Fair Market Rent for a 2-Bedroom unit.<\/figcaption><\/figure>\n\n\n\n<p>To find current Fair Market Rents in your area, <a title=\"Low Income Apartments For Rent - Affordable Housing Online\" href=\"https:\/\/affordablehousingonline.com\/low-income-housing-section-8-apartments\">search for your city or county on Affordable Housing Online<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Research on Fair Market Rents has found that some areas of the country are experiencing much higher rent increases than the national average.<\/p>\n","protected":false},"author":1,"featured_media":7105,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[74,19],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rent analysis shows uneven increases in 2023 housing costs | Affordable Housing Online News<\/title>\n<meta name=\"description\" content=\"Research on Fair Market Rents has found that some areas of the country are experiencing much higher rent increases than the national average.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/affordablehousingonline.com\/blog\/rent-analysis-shows-uneven-increases-in-2023-housing-costs\/\" \/>\n<meta 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