Thirty percent of renters did not make their January payment on-time at the start of the year, according to a survey of 4,000 people from Apartment List.
The missed payment rate for non-white renters was nearly 50% higher than that of white renters in Fall 2020, according to Apartment List.
In May, the percentage of renters unable to make a full on-time payment rose above 30%. While eviction moratoria kept people in homes, it did not eliminate past-due rent obligations. In its survey, Apartment List found that 28% of renters carry rent debt.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
