POSTED 7:34 PM, NOVEMBER 27, 2018, BY KELLEY SMITH
HUNTSVILLE, Ala - Has your rent increased this year? If it has, you're not alone. According to a recent study from CoStar, Huntsville's rent prices for multi-family housing are rising at one of the fastest paces in the nation.
The study published says since January of this year, rent in Huntsville has gone up 6.5%. Only three cities in the country have risen at a higher rate, Las Vegas, Reno, and Phoenix.
There is a caveat to this, it only includes cities with 20,000 units or more.
Officials from Huntsville's Board of Realtors are not surprised by the study.
"The rental market is definitely higher priced than the sales market," Board treasurer, Issac Winkles said. Winkles also owns Alabama…