Which City Has the Highest Average Rent in the States?
You will never guess.
It’s Williston, an intensely growing oil patch city in North Dakota.
A national study from Apartment Guide indicates that the average rent for a 700-square-foot, one-bedroom apartment in Williston is $2,394 a month.
In comparison, the same apartment would rent for $1,504 in the New York area, $1,411 in LA, and $1,537 in the Boston area.
Construction companies and developers are having a hard time keeping up with the demand. The influx of oil field workers are the reason Williston’s population to double since the 2010 Census, with more than 30,000 people now.
The city officials recently established an Affordable Housing Committee to find ways to encourage more developers to build with affordable rental rates and home prices.
Reportedly, many of the new apartments even have mudrooms. Workers can remove their dirty shoes there before entering.
Chances are, most new arrivals are expected to stay in Williston for the next 20 years. With the increasingly cold winters, however, some doubt that the average stay would last more than two years.
Read the full story here via Associated Press.
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