Local News

Can’t pay rent? You probably live in Seattle

For-Rent-SignSEATTLE — Renters, facing stagnant wages, are being forced to examine lifestyle choices and, in some cases, move out of Seattle, according to the Seattle Times.

Low housing inventory, a growing population of young tech-company workers and changing attitudes about when to buy a home are all contributing to rent increases.

The Times reports that In the last two years, the median rent for Seattle studio apartments has gone up $434 in Wallingford, $419 in Capitol Hill, and $306 in Ballard.

Outside of the city, median studio rent increased over a two-year period by $423 in Bellevue, $361 in Federal Way, and $295 in Everett.

Rent prices show no signs of settling down, and Seattle landlords can legally raise rent as much as they want as long as 60 days notice is given.

To read more click here.


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