Inflation is paving a tough road ahead for renters in Wichita. Director for the Center for Economic Development Business Research at Wichita State University Jeremy Hill said, he’s been following rent rates in Wichita since the start of this year. He said since January 2020, rent in the Midwest has outpaced the average rent across the United States. “Instead of the nation growing a lot faster in rental prices, it is the Wichita market going a lot faster than the nation,” Hill said. Demetri Dehncke-White chose to move when facing a rise in rent. The struggle to find a new place to rent was hard, and experts said Dehncke-White is not alone. “Nothing was really set in stone until they told us that, ‘Yeah, we’re gonna have to raise your rent to what the current market rate was.’” Dehncke-White said.
Source: KAKE – News
