People of color face higher rental costs than White Americans, Zillow finds
CBSN
Black and Hispanic Americans are paying extra money to secure rental housing in the U.S. compared with Whites, according to Zillow.
In a report this week, the real estate data firm said that, regardless of race, Americans paid an average of $700 in security deposits when renting an apartment. Yet renters of color paid $750 while White renters paid $600. White renters typically paid $50 for a rental application fee while Black Americans paid $65; Hispanic applicants paid $80 and Asian Americans paid $10. People of color also typically must submit more rental applications in order to find a place to live as well as pay more in related fees than white renters, Zillow concluded.
Zillow attributed the higher fees and number of housing applications for renters of color partially to their age, noting that they tend to be two years younger than the median White renter. White Americans also are more likely to rent in rural areas and in the Midwest, which are typically cheaper.
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