Rising Rents Affect Homelessness

The good news is that Spokane is growing. The bad news is that rising rates are becoming a burden, and the supply of available rentals can’t keep up. For those working their way out of homelessness, it gets worse. Not only is it more difficult to find affordable housing, but homelessness actual increases as rental rates increase. According to a study conducted by the Washington State Department of Commerce, a $100 increase in rental rates in an urban area like Spokane results in a 6% rise in homelessness in that same area.