Housing costs have risen sharply across the country since 2019. Renters have faced the largest and most widespread rent increases in more than 40 years. While some families were able to buy homes at ultra-low mortgage rates in 2020 and 2021, that window closed quickly. Since 2022, higher home prices and sharply higher interest rates have pushed homeownership out of reach for millions of families.
In the average congressional district:
- Fair market rent for a one-bedroom apartment increased from $938 in 2019 to $1,446 in 2026, an increase of $509, about 55%.
- Two-bedroom fair market rents increased from $1,157 in 2019 to $1,728 in 2026, an increase of $571, nearly 50%.
These rent increases affected every congressional district. One-bedroom rents increased by 10% or more in every congressional district, by at least 25% in 99% of districts, and by at least 50% in 59% of districts. Two-bedroom rents rose at least 25% in 98% of districts, and by at least 50% in 44% of districts.
Home prices have increased along with rents. In the average district, the typical single-family home value increased from $354,235 in 2019 to $504,393 in 2025, an increase of $150,158, nearly 50%.
These higher housing costs are squeezing household budgets. Families are having to put more of their income toward housing, making it harder for them to keep up with the rising costs of groceries, utility bills, transportation, and other necessities.
Note: estimates were released on May 5, 2026.
