The country may grapple with a 'new pandemic' of evictions once the CDC's national eviction moratorium, which was extended last week, eventually expires, according to new research from Surgo Ventures.
The firm's county-level analysis shows that about 6.2 million renting households were behind on rent as of July 31, an amount that represents about 15% of the total renting population in the US. In about 250 counties across the country, more than one in five renters are behind on payment.
The average bill is $3,700 per household in arrears, a total of $23 billion nationally. Renters in the South have been impacted the most, with 16% of households in arrears and $8.4 billion owed. The Northeast also has 16% in arrears, but that amount is dispersed across larger metro areas.
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