A local realtor who says the driving factor behind rising rent prices is a low supply and high demand. Ryan Smith is a managing partner with At Home Wichita Property Management. He claims homes for rent are not staying on the market very long before a new tenant gets the keys. “They moved out Wednesday. I got it on the market on Friday and I had an open house on Sunday and I’m probably going to move somebody in tomorrow,” said Smith. According to a rent report from Apartmentlist.com, since the pandemic began in march of 2020, rent prices in Wichita have risen over 14 percent. Smith said it’s likely more.
Source: KSN-TV
