Washington, DC renters are in one of the least affordable markets

Of the 11 largest metros in the nation, Washington D.C. was recently cited as being the least affordable for the typical renter household. According to a report from New York University’s Furman Center for Real Estate and Urban Policy, 23 percent of D.C. metro renters were "severely rent burdened" in 2014. The primary reason why, the metro's median gross rent during the year reached $1,530 - also cited as the highest among the top 11 metros ...