second-quarter report on average roommate rents in 26 major U.S. metro areas<\/a> this month.\u00a0<\/p>\n\u201cIt’s expensive across the board,\u00a0but what we’ve seen is San Diego has now climbed into\u00a0the 2nd top spot for US metro areas for roommates,\u201d Hutchinson said. \u201cNew York\u00a0is, and it almost always has been, the most expensive,\u00a0but San Diego’s just overtaken LA into 2nd spot.\u201d\u00a0<\/p>\n
SpareRoom\u2019s report finds the average roommate rent in San Diego is $1,346 a month that\u2019s more than San Francisco and Los Angeles.\u00a0<\/p>\n
Average roommate rent here in San Diego went up four percent from this time last year, when the Q2 numbers were $1,294 for the average roommate rent.\u00a0<\/p>\n
That\u2019s still cheaper than paying for a one-bedroom apartment all on your own, which Apartment.com says costs a little more than $2,400 a month.<\/p>\n
\u201cIt continues to be a supply and demand issue.\u00a0Clearly\u00a0if rents are going up,\u00a0it’s because there is more demand than there is supply right now,\u201d Stephen Russell, President & CEO of San Diego Housing Federation, said.<\/p>\n
Russell is the head of the San Diego Housing Federation, which is a non-profit that advocates for affordable housing in America\u2019s Finest City.\u00a0He said seeing more cranes popping up now could mean better things moving forward.<\/p>\n
\u201cSo it’s good that we have a burst of new activity now of new apartments that will, in future years, be relatively cheaper. They’re expensive now because that’s what it costs to build them,\u201d Russell said. \u201cBut moving forward,\u00a0once they’re built, once their debt begins to be paid down,\u00a0once they get older,\u00a0maybe some a little bit obsolete,\u00a0they will become more affordable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"SAN DIEGO (KGTV) \u2013 Things can be more affordable in a group. You can split the cost of…\n","protected":false},"author":2,"featured_media":410233,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[74,76,75],"class_list":["post-410232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=410232"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/410233"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=410232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=410232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=410232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}