Rent prices higher in SEC's college towns

1 year ago 34

13. ALL RIGHT, THANKS, AMY. 535 SEC. COLLEGE TOWNS ACROSS THE US ARE SEEING AN INCREASE IN RENT PRICES AND THE HOME OF THE UNIVERSITY OF ALABAMA IS ONE OF THEM. AS STUDENT ENROLLMENT REACHES AN ALL TIME HIGH. WVTM13’S PATSY DOUGLAS IS JOINING US LIVE IN TUSCALOOSA. PATSY, HOW ARE STUDENTS PAYING FOR THIS? WELL, MOST OF THE STUDENTS HERE AT UA, THEY HAVE ROOMMATES AND SOME OF THEM ARE GETTING ASSISTANCE FROM THEIR FAMILY MEMBERS OR EVEN FINANCIAL AID. NOW, THE AVERAGE RENT HERE IN TUSCALOOSA IS ABOUT $1,400. AND NATIONALLY, PEOPLE WILL SEE ABOUT 20. THEY’RE PAYING $2,100 A MONTH. NOW, RESEARCH SHOWING THAT RECORD ENROLLMENT DRIVING UP THE RENT PRICES IN TUSCALOOSA AND SEVERAL OTHER SEC CITIES LIKE OXFORD AND AUBURN, AS MORE PEOPLE COME TO THE UNIVERSITY, THIS CAUSES A SHORT SUPPLY IN HOUSING, WHICH IMPACTS THE PRICE OF RENT EACH MONTH. NOW, UA SENIOR VIRGINIA WEBB SAYS SHE KNOWS A LOT OF STUDENTS WHO ARE STAYING ON CAMPUS TO AVOID THOSE RENT PRICES. IT’S JUST A HARD BURDEN TO BEAR. A LOT OF THE TIMES PEOPLE MIGHT EVEN BE PUTTING THEMSELVES THROUGH COLLEGE AND YOU KNOW, THEY’RE NOT NECESSARILY RELYING ON THEIR PARENTS TO PAY THAT RENT. AND SO THEY’RE HAVING A JOB AS WELL AS BEING A STUDENT. NOW, WEBB SAYS MOST OF HER FRIENDS ARE HAVING TO WORK AT LEAST TWO JOBS TO MANAGE THE INCREASE ON AVERAGE INCOME NEEDED IN THE SEC CITIES IS MORE THAN $60,000. AND OF COURSE, THOSE RESEARCHERS SAY THAT THIS TREND ISN’T LOOKING TO SLOW DOWN ANYTIME

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Rent prices higher in SEC's college towns

Across the nation, SEC college towns are seeing an increase in rent prices. Tuscaloosa is also seeing some of that surge as the University of Alabama enrollment reaches an all time high.Most of these students have roommates and are able to get assistance from financial aid. Rent in Tuscaloosa on average, is about $1,400. Research shows that record enrollment drives up the rent prices in Tuscaloosa and several other SEC cities like Oxford and Auburn. As more people come to the university, this causes a short supply in housing, which impacts the price of rent each month. UA senior Virginia Webb says she knows a lot of students who are staying on campus to avoid the rent prices. “It’s a hard burden to bear. A lot of the time people might even be putting themselves through college and they are not necessarily reliant on their parents to make their rent so they have a job as well as being a student.” Webb saidWebb says most of her friends have to work at least two jobs to manage the increase. On average income needed in the SEC cities is more than $60,000 dollars. Researchers say this trend and even inflation doesn't look like it’s going to slow down anytime soon.

TUSCALOOSA, Ala. —

Across the nation, SEC college towns are seeing an increase in rent prices. Tuscaloosa is also seeing some of that surge as the University of Alabama enrollment reaches an all time high.

Most of these students have roommates and are able to get assistance from financial aid. Rent in Tuscaloosa on average, is about $1,400. Research shows that record enrollment drives up the rent prices in Tuscaloosa and several other SEC cities like Oxford and Auburn.

As more people come to the university, this causes a short supply in housing, which impacts the price of rent each month. UA senior Virginia Webb says she knows a lot of students who are staying on campus to avoid the rent prices.

“It’s a hard burden to bear. A lot of the time people might even be putting themselves through college and they are not necessarily reliant on their parents to make their rent so they have a job as well as being a student.” Webb said

Webb says most of her friends have to work at least two jobs to manage the increase. On average income needed in the SEC cities is more than $60,000 dollars. Researchers say this trend and even inflation doesn't look like it’s going to slow down anytime soon.

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