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Local newspaper says there is a housing and rental crisis in city of Hudson

Apr 06, 2022 2:02 pm

Noah Eckstein writes for Columbia-Greene Media that the city of Hudson is "in the middle of a housing and rental crisis." The apartment rental finder website Zumper says average rents for a one-bedroom apartment in Hudson rose six percent in 2021, to $1,900 per month. There have been no new affordable housing built there in many years, and many apartments and homes have been converted to short-term rentals, driving rents higher. Meanwhile, people keep moving to the Columbia County city, especially since the COVID-19 pandemic began. “You’re not going to find a two-bedroom for $700 per month in Hudson,” said Nancy Felcetto, a real estate agent with Brown Harris Stevens. “People who own properties want rental income and they will make more from Airbnb than from renting.” The story claims that there were only six one- bedroom apartments for rent in December 2021 in Hudson, averaging $1,450 for a one-bedroom. “I get calls everyday from people looking for apartments and I have nothing to show them,” said Robert Kavanaugh, a real estate broker for Barns & Farms Realty LLC. Read more about this story at HudsonValley360.com.