Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Zillow Report Confirms Renters of Color Pay Higher Security Deposits and More in Application Fees

by Regan
April 8, 2022
Reading Time: 2 mins read
0
Zillow Reports That Renters Of Color Pay Higher Security Deposits And More In Application Fees

Istock

Share on FacebookShare on Twitter

A new report from Zillow has confirmed that Black people are the most affected by the increased costs in the rental market. 

The real-estate marketplace company’s “Consumer Housing Trends Report” shows that black renters typically submit more applications for housing and pay more in application fees before they secure a place to live than white renters do. This group also pays higher security deposits than their white counterparts.

The report revealed that Black and Brown people are more likely to rent, and they are paying a higher median application fee, on top of usually needing to apply more often.  The data also highlighted that the typical white renter said they paid $50, while a Black renter paid $65, and a Latinx renter paid $80, and a typical Asian American and Pacific Islander renter paid $100.

The report also states that those additional upfront costs can be a financial burden for renters, significantly as rent prices have increased by a record amount over the past year. 

“Rents grew more last year than any year on record, forcing many renters to look for a more affordable option. About 2 in 5 renters who moved in the past year said a rent hike influenced their decision to move,” said Manny Garcia, population scientist at Zillow. “Renters typically do not have much of a financial cushion, and the cost of finding a new place to live can be an expensive burden. Regrettably, renters of color are especially likely to experience rising rents, and when they shop for a new rental, generally report higher upfront costs, restricting the mobility that is often held up as a benefit of renting.”  

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Trump Blasts Rosie O'Donnell, Suggests Stripping Her Citizenship Over Political Feud
News

Trump Blasts Rosie O’Donnell, Suggests Stripping Her Citizenship Over Political Feud

July 12, 2025

The feud between Donald Trump and Rosie O'Donnell is heating up once again. This time, Trump took to Truth Social...

Marco Rubio’s State Department Layoffs Spark Major Backlash: 1,300 Jobs on the Chopping Block
News

Marco Rubio’s State Department Layoffs Spark Major Backlash: 1,300 Jobs on the Chopping Block

July 12, 2025

While Secretary of State Marco Rubio continued his diplomatic tour across Asia, back in Washington, the State Department he leads...

Federal Judge Halts Trump-Era Immigration Raids in California Over Racial Profiling Allegations
News

Federal Judge Halts Trump-Era Immigration Raids in California Over Racial Profiling Allegations

July 11, 2025

A federal judge has ordered a halt to widespread immigration sweeps across seven Southern California counties, including Los Angeles, after...

Red Lobster seafood boils
Food

Red Lobster CEO Responds to Plies’ Microwave Boil Joke with Spicier Seafood and Real Changes [Video]

July 11, 2025

Red Lobster’s seafood boils made their return in June as part of this year’s Crabfest. The two featured options, the...

Next Post
Florida's November 5 Vote: A Chance to Legalize Recreational Marijuana with Amendment 3

Elementary School Students Treated After Eating Marijuana Edibles Classmate Mistakenly Brought in

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d