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Renting in Some Areas of the State takes Larger Portions of Household Incomes

Anyone who has recently gone hunting for a new apartment to rent experiences the same headache. It seems like every year, rent prices go up while availability goes down.

When it comes to the highest percentage of a household income to pay rent, here are some area cities ranked.

#23. Shelbyville

– Median gross rent as a percentage of household income: 26.3%
– Median rent: $801
– Number of renter-occupied homes: 5,279 (29.5% of all housing units)

#17. Tullahoma

– Median gross rent as a percentage of household income: 27.2%
– Median rent: $756
– Number of renter-occupied homes: 11,879 (28.7% of all housing units)

#15. McMinnville

– Median gross rent as a percentage of household income: 27.4%
– Median rent: $679
– Number of renter-occupied homes: 4,690 (29.7% of all housing units)

#1. Memphis

– Median gross rent as a percentage of household income: 31.2%
– Median rent: $998
– Number of renter-occupied homes: 198,260 (39.3% of all housing units)

This story originally appeared on Belong and was produced and distributed in partnership with Stacker Studio.

Lucky Knott

Lucky Knott

One of Southern Tennessee's most experienced and recognized news broadcasters and play-by-play sportscasters. News and Sports Director for Rooster 101.5 FM, 93.9 The Duck and Whiskey Country 105.1, and 95.9. He is currently the play-by-play voice of the Coffee County Red Raiders (31 years) on The Rooster 101.5 and can be heard M-F broadcasting our local news. Lucky has done play-by-play for 3,932 (and counting) sports events on Radio & TV. He also served four years as the Public Information Officer for the Coffee Co. Sheriff's Dept. and taught Radio/TV for six years at Grundy County High School.

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