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The number of renters is creeping up in Monroe County.

Census figures show a decline in the rate of home ownership:

  • 2008: 68 percent
  • 2009: 67 percent
  • 2010: 66 percent
  • 2011: 64 percent

In 2011, the largest category of mortgages, encompassing 37 percent of households, cost between $1,000 and $1,499 a month. One out of five homeowners has a mortgage that costs more than 35 percent of their income.

One-third of renters pay between $750 and $999 a month. The rate of renters paying more than 35% of their income for rent has gone up:

  • 2009: 43 percent
  • 2010: 47 percent
  • 2011: 51 percent

That indicates many renters are struggling to pay the bills.

Links of the Day:

– Wegmans is acquiring two houses adjacent to its Mt. Read store. Many think it will be a liquor store.

– MCC is going to be hard-pressed to leave a renovated Sibley Building with a brand new bus station built out back.

– An ongoing panhandler fight over a Syracuse corner may have led to the killing of a homeless Syracuse woman.

– The Thruway hot dog wars have begun. Hofmann’s out of Syracuse is seeking to go national, but Buffalo insists it will remain loyal to Sahlen’s. Not mentioned: Zweigle’s.

One Response to More Renters in Monroe County

  1. September 24, 2012 at 8:54 am Criss Onan responds:

    These numbers seem more realistic than the ones quoted in the recent Trulia study which claimed that the monthly cost of ownership in Monroe County is $790 including “mortgage, maintenance, insurance, property taxes, closing costs and other costs”.

    http://therochesterian.com/2012/09/14/rent-v-buy-in-rochester/

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