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It's no secret Detroit rents in Midtown, downtown and Corktown, are rising quickly. They're downright pricey.
But even beyond that core of the city, rising rents are creating challenges for the poor.
Rents have climbed to $820 per month in from $650 in the past 10 years, according to a study by city this year. During that same period, median wages fell 20 percent to $20,384 while adjusted for inflation, according to federal statistics, Aaron Mondry of Bridge Magazine reports.
"For a majority of Detroiters living in neighborhoods outside of downtown and Midtown, people are just not making enough money to support even slow growth in the rental economy," says Anika Goss-Foster, executive director of the nonprofit think tank Detroit Future City.
Bridge writes:
A 2016 city housing study found nearly 60 percent of Detroiters are “rent-burdened,” paying more than 30 percent of their income toward housing.
And just 6 percent of all the city’s housing units, about 22,000, are classified as “affordable,” meaning they are subsidized to keep rents low.
