Rising Cost of Housing Infographic

Rising Costs of Housing. Nearly half of ABQ renters are 'cost-burdened' meaning they spend over 30% of their income on housing. We need to increase housing supply and diversity of housing types in our city. 20% rent increase from 2021. $1,235 average apartment rent. 20% median home cost increase from 2021. $339k median house price. Sources: 1. realtor.com 2022. 2. rentcafe.com 2022. 3. apartmentlist.com/research/national-rent-data 2022.