Renters of color pay higher security deposits, more application fees
Results from Zillow’s Consumer Housing Trends Report show renters of color typically submit more applications — and pay more in application fees — before they secure a place to live than white renters do. Renters of color also typically pay a higher security deposit when they move in.
The U.S. rental market is as competitive as it’s been in decades, with the national vacancy rate lower than at any time since 1984.ii Rent prices have skyrocketed, up a record 17% in just the past year, prompting some priced-out renters to look for a more affordable home when their lease expires. About 9 in 10 renters paid a security deposit last year, with the typical deposit coming in at $700. A higher share of renters of color paid a deposit (93%) than white renters (85%), and the median amount paid by renters of color was higher, too — $750, compared to $600.
“Rents grew more last year than any year on record, forcing many renters to look for a more affordable option. About 2 in 5 renters who moved in the past year said a rent hike influenced their decision to move,” said Manny Garcia, population scientist at Zillow. “Renters typically do not have much of a financial cushion, and the cost of finding a new place to live can be an expensive burden. Regrettably, renters of color are especially likely to experience rising rents, and when they shop for a new rental, generally report higher upfront costs, restricting the mobility that is often held up as a benefit of renting.”
A $750 security deposit represents a significant amount of a typical renter’s wealth. Zillow’s research indicates a typical renter holds $3,400 total across savings, checking, retirement and investment accounts. More than one-third (38%) of renters surveyed say they couldn’t cover an unexpected expense of $1,000.
In addition to facing higher and more frequent security deposits, renters of color report submitting more applications and paying higher fees for those applications than white renters. In 2021, 61% of all renters applied for two or more properties — an 11-point increase from 2019 and five points higher than in 2020, likely owing to the tight rental market. The typical white or Asian American and Pacific Islander renter submits two applications, while a Black or Latinx renter typically submits three. More than one-third of renters of color submit five or more applications during their home search: that’s true of 38% of Black and Latinx renters, 33% of Asian American and Pacific Islander renters, and only 21% of white renters.
With a median rental application fee of $50, the cost can add up quickly if renters need to apply for several properties. The burden is often greater for renters of color, who report paying a higher median application fee than white renters, on top of usually needing to apply to more rentals. Among renters who paid an application fee for the home they rent, the typical white renter reports paying $50, while a typical Black renter paid $65, a typical Latinx renter paid $80 and a typical Asian American and Pacific Islander renter paid $100.
The higher fees and number of applications for renters of color are likely partially attributable to their age, income and geography. The typical renter of color is two years younger than the median white renter, meaning two fewer years of potential income growth. White renters are also more likely to rent in rural markets and the Midwest, both of which are generally less expensive. Asian American and Pacific Islander and Latinx renters, in particular, are more likely to rent in the West, which includes many of the country’s most expensive and competitive rental markets.
Expanding access to credit could help improve outcomes for Black and Latinx renters. Nearly half of white renters (46%) say they were completely certain they would qualify for a rental, compared to 38% of Latinx renters and 34% of Black renters. Credit checks are part of many rental applications, and Black and Latinx adults are more prone to being credit invisible and more often live in counties with higher levels of credit insecurity.
Renters looking to reign in application fees may have options. For a flat $29 fee, renters can use Zillow’s online rental application to apply through Zillow for an unlimited number of participating properties within 30 days. The online application includes a credit report and background check, which saves landlords time while screening prospective tenants and provides them with the information needed to feel confident about each applicant. Renters can also offer additional context and explain any negative items on their rental and credit history.
“Councilman Joe Webb Day” in SA
The family of Joe Webb, Sr. received a Proclamation from the County and is inviting the community to come out to celebrate “Councilman Joe Webb Day” Sunday, September 18, 2022. There will be a balloon release in honor of his legacy and first year of his death. The celebration will take place at the Joe Webb Bridge at 2:00 p.m.
Former City Councilman Joe Webb was a man of firsts. He was the first African American Manager of an HEB store; he managed Store #7 on New Braunfels Ave. for many years and then worked his way up to Store Director for different areas within the city of San Antonio. Webb eventually opened up his own full-service store called WebbWay on the city’s Eastside. Webb was also the longest serving councilman for District 2. He was elected in 1977 and served in that position until 1991.
At the age of 86, Joe Webb, Sr. passed last year following complications from kidney failure. Webb was a pastor and a devote servant of the Lord. For those who didn’t know him he was also known for his melodious baritone voice.
The 39th Annual Jazz’SAlive
SAN ANTONIO, TEXAS – The City of San Antonio’s Official Jazz Music Festival is ensuring Jazz Is Alive in San Antonio! The San Antonio Parks Foundation, in partnership with The City of San Antonio and Michelob Ultra, present the 39th Annual Jazz’SAlive Festival on September 23 and 24 in downtown San Antonio. In addition to stages in historic Travis Park, for the second consecutive year, festival organizers will program a stage at Legacy Park. The San Antonio Parks Foundation is an independent 501(c)(3) organization providing improvements to parks and the park experience to the area’s 250+ parks and over 150 miles of walking and biking trails.
Jazz’SAlive General Admission is free, all ages, and open to the public! No outside food or beverage is allowed. Tickets are available for premium seating and VIP areas.
Jazz’SAlive offers a limited number of premium Patron Seats at the main stage for those who want to upgrade their viewing experience and leave the lawn chairs at home. Patron Seats are sold as single-day tickets. Fans who wish to have a Patron Seat on both Friday and Saturday will need to purchase a ticket for each day. Each ticket includes 1 priority seat the main stage in Travis Park with access to a cash bar and cocktail service.
For more information visit https://saparksfoundation.org/event/jazzsalive/,
Introducing Labor Plaza – A Public Art Tribute to the Labor Movement in San Antonio
DOWNTOWN PLAZA FEATURES SCULPTURES, POETRY AND VISUAL ARTS THAT WILL EDUCATE AND INSPIRE VISITORS.
SAN ANTONIO (September 2, 2022) – The City of San Antonio’s Department of Arts & Culture invites the community to visit the newly completed Labor Plaza, which highlights the contributions of the labor movement and labor leaders in San Antonio and the United States. San Antonio Mayor Ron Nirenberg will be on-site for the official ribbon cutting ceremony which will be held on Monday, September 5, 2022 at 11:45 a.m.
Located in the River Walk Public Art Garden on Market Street across from the Henry B. González Convention Center, Labor Plaza is located in a space that was originally home to a sculpture of labor leader Samuel Gompers, created in 1982 by Betty Jean Alden. Due to irreparable structural damage caused by time and weather elements, the sculpture had to be decommissioned and deinstalled. The Department of Arts & Culture collaborated with American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) on a contemporary way to replace the sculpture and continue to recognize labor, civil rights and social justice in San Antonio in the space.
“Labor Plaza is a tribute to the contributions and sacrifices of labor leaders throughout the history of San Antonio,” said Department of Arts & Culture Executive Director Krystal Jones. “We hope that the community will find this space to be engaging, inspiring and educational as we commemorate the labor movement from the past to the present.”
Visitors to Labor Plaza will find etchings and visual artworks embedded throughout the plaza including a poem titled So that Our Crossing May Never be Obstructed and five artworks by Octavio Quintanilla, San Antonio Poet Laureate 2018 – 2020; an excerpt from labor anthem Solidarity Forever written by Ralph Chaplin in 1915; and biography etchings recognizing eight notable San Antonio labor figures. Influential leaders, who are honored at the space, include Emma Tenayuca, Hank Brown, Rebecca Flores, Joan Suarez, Robert Thompson, Linda Chavez-Thompson, Mario Marcel Salas, Samuel Gompers and Shelley Potter.
In addition, a sculptural series titled I Remember Everything by Washington-based artist Ries Niemi is installed within the plaza. The Department of Arts & Culture worked with San Antonio landscape architect firm Terra Design Group to craft the layout of the space to inspire learning and reflection on labor in San Antonio.
Linda Chavez-Thompson was the first Hispanic woman to serve as an Executive Board member of the National AFL-CIO in 1993 and then elected to a newly created position of Executive Vice-President of the National AFL-CIO in 1995. She served in office thru 2007, when she retired and came back home to San Antonio. “We are grateful to the City of San Antonio for recognizing the hard-fought efforts and accomplishments of the local labor movement through this beautiful Labor Plaza,” said Chavez-Thompson. “Personally, it is an honor to be included alongside such influential labor leaders, who have all had a tremendous impact on the labor movement so that working people today have better wages and working condition and workers’ rights.”
Labor Plaza is part of the River Walk Public Art Garden, which functions as an outdoor public art exhibition featuring works from San Antonio and international artists. Some artworks by San Antonio artists also featured here include “Bloom” by Leticia Huerta, “Green Spaces at Market Street” by Cade Bradshaw and Ashley Mireles, “Spheres of Reflection” by Kaldric Dow and “Najo Jām” by Carlos Cortés and Doroteo Garza.
For more information about Labor Plaza, the River Walk Public Art Garden and the Department of Arts & Culture’s Public Art Program, visit SanAntonio.gov/arts or follow the Department of Arts & Culture on social media at @GetCreativeSA.
New Highly Anticipated Season Premiere
“Councilman Joe Webb Day” in SA
Video Surfaces in Ahmaud Arbery Case
Bushwick Bill, Of Houston Rap Group Geto Boys, Dead At 52
Botswana’s First Skyscraper and Tallest Building
Community4 weeks ago
Women Of Influence Honoree
Business4 weeks ago
Madam C.J. Walker Doll Newest In the Collection
Entertainment3 weeks ago
National Cinema Day
Fashion4 weeks ago
FILA Taps Brandon Maxwell as Guest Designer for New Tennis Collection
Black Life Texas3 weeks ago
Tuskegee Airmen: Soaring to Excellence
Politics2 weeks ago
End of Her Reign
Sports3 weeks ago
BYRON ALLEN’S HBCU GO ANNOUNCES‘THE HBCU GO SPORTS KICKOFF SHOW’
Art3 weeks ago
Introducing Labor Plaza – A Public Art Tribute to the Labor Movement in San Antonio