BUFFALO, N.Y. — A recent report from Zillow calculates how the price of rent has increased in the past 10 years for 50 large metropolitan areas in the U.S.
In the Buffalo market, the cost topped $12 billion and the since 2010 renting has climbed by 38.9 percent.
Nationwide, renters spent a combined $4.5 trillion during the 2010s with $512 billion being spent on rent in 2019. While rent is up 2.3 percent from last year, rent increases slowed in the latter part of the decade, Zillow (NASDAQ: ZG) said. Read the full story on Buffalo Business First's website.
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