By Kylan Watson SYRACUSE, N.Y. (NCC News) — Syracuse residents are experiencing a 10% increase in rent prices.
That is according to Zumper, an apartment listing website. But, it is not just Syracuse, it is all of Onondaga County seeing a rental rate increase.
Nationally one-bedroom apartments in Syracuse have gone up 1.5% from 2018. That comes out to about $1,216 per month average.
Other cities that are experiencing this type of change are Chandler, Arizona; Fresno, California; Anchorage, Alaska; and Spokane, Washington.
“It’s hard to analyze exactly where the biggest impact is. We have had an increase in market rate. Or luxury even housing in the downtown and university area,” according to Sharon Sherman, the executive director of the Greater Syracuse Tenants Network.
Luxury apartments in the university area like Campus West, Aspen Heights, the Marshall, Theory Syracuse, just to name a few. Despite this, increase it is happening all over the area.
“All over the cost of housing just continues to rise. And it’s happening all over even in the most low income situation,” she said.
Students are a big reason why prices are increasing.
“Many people take advantage of the fact that students want to live in a luxury apartment,” Sherman said.
For some students, like Mylz Blake, on-campus living is not for them they want to have all the benefits of a luxury apartment and some move downtown.
“So I upgraded to luxury apartments. Now that I am living out here. I have a gym I have utilities included nice furnishings, something I’m not really used to,” Blake said.
The Syracuse Common Council took up a measure to help with regulating prices.
That measure stalled during the executive session Monday, however.
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© 2019 Kylan Watson
