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The Daily Mississippian
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    UM students vote: Presley vs. Reeves

    UM students vote: Presley vs. Reeves

    Numerous hurdles stand in the way of young voters

    Numerous hurdles stand in the way of young voters

    UM launches creative writing program

    UM launches creative writing program

    Author Roosevelt Montás champions free thinking, liberal arts

    Author Roosevelt Montás champions free thinking, liberal arts

    Eat up, Rebs: UM expands dining options on campus

    Eat up, Rebs: UM expands dining options on campus

    ASB Senate prioritizes transparency, passes bill

    ASB Senate prioritizes transparency, passes bill

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    Three takeaways from Ole Miss’ disappointing loss to Alabama

    Michael Trigg, Reginald Hughes no longer part of Ole Miss Football

    Carry-on, Jerrion

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    Three takeaways from Ole Miss’ nail-biter in College Station

    Player Spotlight: Quinshon Judkins promises to ramp things up

    Ole Miss Hockey returns: new player breakdown

    Ole Miss Hockey returns: new player breakdown

    Football realigns conferences, but at what cost?

    Football realigns conferences, but at what cost?

    Player Spotlight: Jaxson Dart beats skeptics

    Player Spotlight: Jaxson Dart beats skeptics

  • Arts & Culture

    Snackbar to host “Food of My People” with Betsy Chapman

    Morgan Wallen to return to Oxford

    Morgan Wallen to return to Oxford

    Student-made cooking show arrives on campus

    Student-made cooking show arrives on campus

    CASA Encore raises an impressive $450K

    CASA Encore raises an impressive $450K

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    My Blackness isn’t on a schedule

    Designer versus fast fashion: Is it worth the investment?

    My Blackness isn’t on a schedule

    How an ATV wreck saved my life

    My Blackness isn’t on a schedule

    Casual drug use runs rampant across campus

    My Blackness isn’t on a schedule

    Press on, Presley

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  • News
    UM students vote: Presley vs. Reeves

    UM students vote: Presley vs. Reeves

    Numerous hurdles stand in the way of young voters

    Numerous hurdles stand in the way of young voters

    UM launches creative writing program

    UM launches creative writing program

    Author Roosevelt Montás champions free thinking, liberal arts

    Author Roosevelt Montás champions free thinking, liberal arts

    Eat up, Rebs: UM expands dining options on campus

    Eat up, Rebs: UM expands dining options on campus

    ASB Senate prioritizes transparency, passes bill

    ASB Senate prioritizes transparency, passes bill

  • Sports
    • All
    • Game Recap
    Three takeaways from Ole Miss’ disappointing loss to Alabama

    Michael Trigg, Reginald Hughes no longer part of Ole Miss Football

    Carry-on, Jerrion

    Rebels seek first SEC win against LSU

    Three takeaways from Ole Miss’ nail-biter in College Station

    Player Spotlight: Quinshon Judkins promises to ramp things up

    Ole Miss Hockey returns: new player breakdown

    Ole Miss Hockey returns: new player breakdown

    Football realigns conferences, but at what cost?

    Football realigns conferences, but at what cost?

    Player Spotlight: Jaxson Dart beats skeptics

    Player Spotlight: Jaxson Dart beats skeptics

  • Arts & Culture

    Snackbar to host “Food of My People” with Betsy Chapman

    Morgan Wallen to return to Oxford

    Morgan Wallen to return to Oxford

    Student-made cooking show arrives on campus

    Student-made cooking show arrives on campus

    CASA Encore raises an impressive $450K

    CASA Encore raises an impressive $450K

  • Opinion
    My Blackness isn’t on a schedule

    Designer versus fast fashion: Is it worth the investment?

    My Blackness isn’t on a schedule

    How an ATV wreck saved my life

    My Blackness isn’t on a schedule

    Casual drug use runs rampant across campus

    My Blackness isn’t on a schedule

    Press on, Presley

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The Daily Mississippian
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Rent increases hits Oxford residents hard

Stacey SpiehlerbyStacey Spiehler
March 10, 2022
Reading Time: 2 mins read

Oxford renters are feeling the pinch of inflation on their lease renewals with rent price increases of hundreds of dollars over last year’s lease. 

Illustration by Micah Crick.

Max Hill with Collegiate Realty, a rental firm, has seen significant rent increases in Oxford and its surrounding areas. 

“Among our owners the highest increase I have seen is 33%. Another at 19%. Most increases range from 10-15%,” Hill said. 

This is tracking with nationwide trends, according to Rent.com: “one- and two-bedroom rents were up 22.6% and 20.4%, respectively.”

Maggie Craze, an environmental toxicology student and teaching assistant at UM, was given just two weeks’ notice that her rent would increase by $100 if she didn’t re-sign her lease, which wasn’t up for renewal until July. 

“I was so stressed and anxious because of my fixed income, so I just re-signed,” Craze said. 

Wages have certainly not increased at the same rate as rent in America. The Bureau of Labor Statistics factored the rate of inflation into American wages and found a 1.7% decrease in the average nationwide hourly wage since January of 2021.

Although Chancellor Glenn Boyce increased the minimum wage to $12.50 per hour for full-time employees at the university, student workers still make as little as $8 per hour, according to a student job listed at The Inn At Ole Miss on March 5. 

Still more students live on fixed incomes, grants and scholarships, or loans taken at the beginning of the year based on estimated need. “We’re just grad students so even just an extra $100 a month is a big deal,” Craze said. “I have a fixed income dependent on my stipend.” 

Hill credits these increases to property availability. 

“More would-be buyers have transitioned into rentals due to the very limited and overpriced buyer’s market,” he said. “The average Oxford renter is getting pushed further out into the county and even into neighboring counties.”

Still, property managers in neighboring counties are not avoiding the trend. One property in Water Valley was listed on the Collegiate Realty website for $900 on the morning of Feb. 24, a steal for the size and location. 

By that evening, the new price showed up: $1,200.

In Case You Missed It

Snackbar to host “Food of My People” with Betsy Chapman

17 hours ago
Three takeaways from Ole Miss’ disappointing loss to Alabama

Michael Trigg, Reginald Hughes no longer part of Ole Miss Football

22 hours ago
Morgan Wallen to return to Oxford

Morgan Wallen to return to Oxford

22 hours ago
Student-made cooking show arrives on campus

Student-made cooking show arrives on campus

22 hours ago
CASA Encore raises an impressive $450K

CASA Encore raises an impressive $450K

23 hours ago
UM students vote: Presley vs. Reeves

UM students vote: Presley vs. Reeves

23 hours ago

Rent increases hits Oxford residents hard

Stacey SpiehlerbyStacey Spiehler
March 10, 2022
Reading Time: 2 mins read

Oxford renters are feeling the pinch of inflation on their lease renewals with rent price increases of hundreds of dollars over last year’s lease. 

Illustration by Micah Crick.

Max Hill with Collegiate Realty, a rental firm, has seen significant rent increases in Oxford and its surrounding areas. 

“Among our owners the highest increase I have seen is 33%. Another at 19%. Most increases range from 10-15%,” Hill said. 

This is tracking with nationwide trends, according to Rent.com: “one- and two-bedroom rents were up 22.6% and 20.4%, respectively.”

Maggie Craze, an environmental toxicology student and teaching assistant at UM, was given just two weeks’ notice that her rent would increase by $100 if she didn’t re-sign her lease, which wasn’t up for renewal until July. 

“I was so stressed and anxious because of my fixed income, so I just re-signed,” Craze said. 

Wages have certainly not increased at the same rate as rent in America. The Bureau of Labor Statistics factored the rate of inflation into American wages and found a 1.7% decrease in the average nationwide hourly wage since January of 2021.

Although Chancellor Glenn Boyce increased the minimum wage to $12.50 per hour for full-time employees at the university, student workers still make as little as $8 per hour, according to a student job listed at The Inn At Ole Miss on March 5. 

Still more students live on fixed incomes, grants and scholarships, or loans taken at the beginning of the year based on estimated need. “We’re just grad students so even just an extra $100 a month is a big deal,” Craze said. “I have a fixed income dependent on my stipend.” 

Hill credits these increases to property availability. 

“More would-be buyers have transitioned into rentals due to the very limited and overpriced buyer’s market,” he said. “The average Oxford renter is getting pushed further out into the county and even into neighboring counties.”

Still, property managers in neighboring counties are not avoiding the trend. One property in Water Valley was listed on the Collegiate Realty website for $900 on the morning of Feb. 24, a steal for the size and location. 

By that evening, the new price showed up: $1,200.

In Case You Missed It

Snackbar to host “Food of My People” with Betsy Chapman

17 hours ago
Three takeaways from Ole Miss’ disappointing loss to Alabama

Michael Trigg, Reginald Hughes no longer part of Ole Miss Football

22 hours ago
Morgan Wallen to return to Oxford

Morgan Wallen to return to Oxford

22 hours ago
Student-made cooking show arrives on campus

Student-made cooking show arrives on campus

22 hours ago
CASA Encore raises an impressive $450K

CASA Encore raises an impressive $450K

23 hours ago
UM students vote: Presley vs. Reeves

UM students vote: Presley vs. Reeves

23 hours ago

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