CENSUS BUREAU REPORTS INCREASE IN MEDIAN RENTS

Wednesday, October 5, 2005 - 7:15am

The real median cost of renting a home increased nationally by 6.7 percent from 2000 to 2005, according to new 2005 American Community Survey (ACS) data released today by the U.S. Census Bureau. Some of the highest real median rent percentage increases among the large cities were found in San Diego (27.2 percent), Detroit (22.5), and Los Angeles (15.9). Real median rent actually decreased in some of the nation’s largest cities including San Jose, Calif. (-9.4 percent), and Dallas (-3.0). The ACS provides updated information about the nation’s changing population every year. Without the ACS, this type of information — historically gathered just once a decade — would not be available for communities until 2012.