Make wishtv.com your home page

Rent, airline ticket prices continue to soar

INDIANAPOLIS (WISH) – The price of rent continues to rise as well as the price for an airline ticket.

Jane King was on Daybreak Wednesday morning with these stories and other local and national business headlines.

Real estate data firm, Zillow said Tuesday that median rent rose three percent from a year ago. The median rent nationwide has held steady right around $1,3018. Zillow says while rents in Indianapolis are still increasing they are slowing down to about a one percent gain year over year.

Airlines are also raising fares fro the third time this year after the cost to fly hit a five-year low toward the end of 2015. A flurry of recent fare increases means many travelers may have to pay up to $22 more for a round trip ticket this year, according to Farecompare.com.