- Dax NollenbergerSanta Cruz Tops the Nation for Rental Prices Again. What That Means for Buyers and Sellers
For the third straight year, Santa Cruz County has been named the least affordable rental market in the U.S., according to a recent report from Lookout Santa Cruz. Fair market rent for a two-bedroom sits at $4,223/month, and renters must earn $81.21/hour, or roughly $168,000 per year, to avoid being considered rent-burdened. For those earning minimum wage, it would take 4.9 full-time jobs just to afford that same unit. These numbers are staggering, but they don’t just impact renters—they send ripple effects throughout the entire...