*Synced from Seattle Luxury Rental Blog
According to the most recent census data reported by The Seattle
Times, Seattle’s population of renters is living up to the city’s
reputation for introverted residents. 51 percent of the city’s
rent-paying tenants live alone, which is a surprising statistic
considering that the average rent in Seattle is now $1,480, up 21
percent from five years ago. Only Atlanta has a larger percentage of
solo renters, and most other cities toward the top of the list
(Cincinnati, St. Louis and Pittsburgh) have average rents significantly
lower than Seattle’s.
But despite the significant rental costs, it appears Seattleites are
willing to pay more in order to not have to share their space. No sinks
full of your roommate’s dishes (just your own), no fighting over the
parking space, and no sharing any of that precious square footage.
Single-occupancy units are clustered more heavily in certain areas of
the city, including downtown, where three out of every four units is
occupied by a single person, and other densely populated neighborhoods
such as Capitol Hill, Eastlake, and Fremont.
Though the rate of solo renters is high comparable to other cities,
the percentage has dropped from 56 percent in 2009, so it appears
renters may be starting to feel the squeeze of rising rents. For more
information about renting in Seattle, contact your local real estate agent today.
Wednesday, June 25, 2014
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