Friday, July 10, 2015
San Antonio came in 23rd on a list of the top 23 expensive places to rent for young adults, The San Antonio Business Journal reports.
The report was done by Zillow for Bloomberg and looked at 50 cities around the United States. Millennials can't afford almost 51 percent of all the residential housing in San Antonio.
Miami was the most unaffordable for the younger set, with 92 percent of real estate priced too high for millennials. Houston was the most expensive city in Texas for that demographic, then Austin, Dallas and San Antonio.
The list used millennial's median income and looked for rental listings that were one-third or less of those earnings.
Posted by Lisa Pegues at 10:38 AM
Labels: San Antonio rent too expensive for millennials, San antonio rent too expensive for young adults, young people priced out of san antonio rental market