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Tuesday, April 2, 2019

No Room in the Inn, At Least Not at a Reasonable Price

I have been reading a lot lately on the difficulty of low-income people finding affordable housing in the New Orleans area (and nationwide). And in my work I deal with many clients that fit into this group. I had thought the going price to rent a one-bedroom in N.O. was about $600 to $1,000. I was wrong.

According to an article published on July 24th, 2017, "The count: average rental price per month of a one-bedroom apartment in New Orleans," on The Advocate's website, this is way off. "New Orleans is No. 1--in U.S. cities with the highest rent hike over the last six months, according to ABODO, a rent-analysis company. While ABODO estimates the nationwide average rent for a one-bedroom apartment to be $1,016 per month and the average apartment in the state of Louisiana to rent for $834 per month, a one-bedroom in N.O. averages out to nearly $1,400 per month."

Wow!

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