Politic > Market

Demand for rental housing soars in highest, lowest income brackets, Harvard report says

4 monthes ago   |   By Boston Herald

A new annual report out of Harvard University's Joint Center for Housing Studies confirmed what many renters in the super-competitive Massachusetts market already know: renters shopping in the lowest and highest price points face serious competition.
“Much of this demand over the last decade has been coming from higher-income households, but still many renters have lower incomes,” said Whitney Airgood-Obrycki, a research associate at the center and the project lead for the report.
In a panel presentation Friday, Airgood-Obrycki noted that rents rose 10.9% in the third quarter of 2021, an...
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