Baltimore’s rental market is among the worst in the nation, according to a recent report.
The website Wallethub, which bills itself as “an artificially intelligent financial advisor,” ranked Baltimore No. 9 in the worst rental markets of the nation’s largest 150 cities. Cleveland, Detroit and Oakland were ranked as the worst cities for renters.
The rankings were established with more points going toward judging the market itself and cost of living by examining cost of living, rental vacant and share or renters. Quality of life was also factored into the rankings and looked at issues, such as job market, safety and weather.
Here is how Charm City stacked up in the rankings:
- No. 123 in rental Affordability
- No. 46 in rental vacancy rate
- No. 130 in rent-to-price ratio
- No. 111 in cost of living
- No. 135 in safety
- No 50 in the severely cost-burdened renter households
- No. 22 in forecasted change of median rent
- No 139 in city Satisfaction Ranking
- No. 122 in job market
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