The search for affordable housing in Indianapolis is a challenge for many individuals and families. This has been highlighted by a recent report published in Central Indiana. The report talks about the difficulties faced by renters in searching for a perfect home in Marion County. There are many reasons behind this. The most important is an unexpected increase in the cost of the property. Here the rental costs have increased by $200 to $300 per month on average.
According to many studies, the scarcity of safe and budget-friendly rental homes in the US is a big challenge. This is more challenging for low to moderate-income renters. Despite the addition of 3,800 rental units in the city, only approximately 300 are within reach for individuals earning $35,000 or less annually.
At a recent press conference, a representative of VineBrook Homes said that wages have seen a modest increase of four to five percent. But this is not enough to afford homes in these areas. The spokesperson has also said that many challenges are faced by families with three or more children. Also, more issues are faced by Black and Brown people. In brief, the housing crisis in Indianapolis is very high. So, it is a little bit difficult to find a perfect home for rent in Indianapolis.
In 2020, almost half of the renters in Marion County had problems with paying rent. They had to spend a large amount of their income on rent. Evictions have gone back up to how they were before the pandemic. Around 400 to 600 evictions are happening each week. Indiana has some of the highest rates of evictions in the country.
To deal with these big problems, we need to look at them from different angles. The expert from VineBrook Homes said, "Tenants and landlords should treat each other fairly." He also added, "We're here to help people find homes they can afford."
According to the spokesperson of VineBrook Homes, the company is working hard to help with the housing problems in Indianapolis. They shortlist well-maintained and ideal properties for the people as per their budget. Being a pioneer name in the industry, they have a lot of different homes to choose from and make sure renters are happy.
"We know it's really important to fix the housing problem in Indianapolis," said a spokesperson from VineBrook Homes. "We're teaming up with local groups to make sure people have safe and affordable homes."
If you want to know more about VineBrook Homes and their homes to rent in Indianapolis, you can contact them directly.
About VineBrook Homes:
VineBrook Homes helps people find rental homes all across the USA. You can find out more about them, and their offerings in different cities of the US on their website: https://vinebrookhomes.com/