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Why are Utah rent rates so expensive? The latest on Utah housing

Deseret News Share this story Annie Barker, Deseret News Federal officials recently extended the eviction moratorium another month and they’ve warned it will be the last time. Housing advocates fear a wave of evictions will follow the moratorium expiration, and they’re urging Utah renters impacted by the COVID-19 pandemic to get help now before it’s too late. But for Utah renters, the stress of the rental market isn’t new. For almost every year over the past decade, Utah’s rental prices have continued up, up, up. As Utah renters continue to get squeezed, when will they hit breaking point?

5 takeaways from Utah s rental market squeeze

5 takeaways from Utah’s rental market squeeze Katie McKellar © Annie Barker, Deseret News A residence for rent in Salt Lake City is pictured on Friday, April 9, 2021. Federal officials recently extended the eviction moratorium another month and they’ve warned it will be the last time. Housing advocates fear a wave of evictions will follow the moratorium expiration, and they’re urging Utah renters impacted by the COVID-19 pandemic to get help now before it’s too late. But for Utah renters, the stress of the rental market isn’t new. For almost every year over the past decade, Utah’s rental prices have continued up, up, up.

Why is rent so high in Utah? As prices rise, renters make hard choices

Why is rent so high in Utah? As prices rise, renters make hard choices
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Why is rent so high in Utah? As prices rise, renters make hard choices

Almost ever year over the past decade, Utah’s rental prices have shot up to the tune of 5% to 7% a year along thew Wasatch Front, a startling reality that means the average Salt Lake County apartment that cost $793 in 2008.

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