I sorted the data from highest to lowest based on the 2000 rents, so the rent change becomes more extreme as you scroll down:
The first thought that popped into my head was the war on drugs because of a Redacted Tonight segment on the same topic was fresh in my mind. That war was started by Nixon around the same time. Gentrification may have been the intent, I can't help wonder why rents never went down during recessions.
| Median Gross Rents: Unadjusted | 1940 | 1950 | 1960 | 1970 | 1980 | 1990 | 2000 |
| United States | $27 | $42 | $71 | $108 | $243 | $447 | $602 |
| Hawaii | NA | NA | $72 | $132 | $311 | $650 | $779 |
| New Jersey | $36 | $49 | $80 | $126 | $270 | $592 | $751 |
| California | $27 | $42 | $79 | $126 | $283 | $620 | $747 |
| Alaska | NA | NA | $126 | $189 | $368 | $559 | $720 |
| Nevada | $26 | $47 | $91 | $141 | $310 | $509 | $699 |
| Maryland | $27 | $46 | $78 | $127 | $266 | $548 | $689 |
| Massachusetts | $34 | $47 | $75 | $117 | $255 | $580 | $684 |
| Connecticut | $34 | $45 | $77 | $127 | $260 | $598 | $681 |
| New York | $39 | $48 | $74 | $111 | $249 | $486 | $672 |
| Colorado | $22 | $39 | $72 | $110 | $252 | $418 | $671 |
| Washington | $22 | $43 | $71 | $113 | $254 | $445 | $663 |
| Virginia | $19 | $39 | $71 | $115 | $259 | $495 | $650 |
| New Hampshire | $26 | $41 | $65 | $99 | $251 | $549 | $646 |
| Florida | $16 | $39 | $71 | $112 | $255 | $481 | $641 |
| Delaware | $30 | $46 | $77 | $111 | $247 | $495 | $639 |
| Oregon | $21 | $44 | $70 | $107 | $257 | $408 | $620 |
| Arizona | $18 | $37 | $69 | $109 | $264 | $438 | $619 |
| District of Columbia | $45 | $57 | $81 | $119 | $224 | $479 | $618 |
| Georgia | $13 | $27 | $51 | $86 | $211 | $433 | $613 |
| Illinois | $33 | $47 | $85 | $124 | $246 | $445 | $605 |
| Utah | $23 | $40 | $66 | $97 | $235 | $369 | $597 |
| Texas | $17 | $37 | $60 | $95 | $246 | $395 | $574 |
| Minnesota | $28 | $43 | $72 | $117 | $236 | $422 | $566 |
| Rhode Island | $28 | $40 | $62 | $93 | $222 | $489 | $553 |
| Vermont | $24 | $41 | $62 | $98 | $224 | $446 | $553 |
| North Carolina | $14 | $30 | $55 | $86 | $205 | $382 | $548 |
| Michigan | $33 | $47 | $77 | $115 | $250 | $423 | $546 |
| Wisconsin | $31 | $49 | $79 | $113 | $234 | $399 | $540 |
| Pennsylvania | $27 | $40 | $64 | $93 | $224 | $404 | $531 |
| Indiana | $24 | $42 | $70 | $105 | $218 | $374 | $521 |
| Idaho | $21 | $44 | $65 | $92 | $218 | $330 | $515 |
| Ohio | $28 | $42 | $75 | $105 | $225 | $379 | $515 |
| South Carolina | $12 | $26 | $49 | $77 | $206 | $376 | $510 |
| Tennessee | $15 | $31 | $52 | $82 | $203 | $357 | $505 |
| New Mexico | $17 | $41 | $71 | $88 | $215 | $372 | $503 |
| Kansas | $19 | $38 | $66 | $94 | $218 | $372 | $498 |
| Maine | $25 | $41 | $64 | $90 | $216 | $419 | $497 |
| Nebraska | $22 | $43 | $67 | $95 | $213 | $348 | $491 |
| Missouri | $22 | $36 | $65 | $96 | $211 | $368 | $484 |
| Iowa | $23 | $43 | $68 | $99 | $226 | $336 | $470 |
| Louisiana | $15 | $27 | $53 | $81 | $214 | $352 | $466 |
| Oklahoma | $16 | $34 | $57 | $82 | $215 | $340 | $456 |
| Arkansas | $12 | $28 | $47 | $71 | $185 | $328 | $453 |
| Alabama | $12 | $25 | $45 | $69 | $188 | $325 | $447 |
| Montana | $23 | $41 | $66 | $89 | $200 | $311 | $447 |
| Kentucky | $16 | $31 | $55 | $83 | $198 | $319 | $445 |
| Mississippi | $11 | $25 | $43 | $65 | $180 | $309 | $439 |
| Wyoming | $22 | $41 | $67 | $87 | $252 | $333 | $437 |
| South Dakota | $21 | $42 | $67 | $88 | $188 | $306 | $426 |
| North Dakota | $21 | $43 | $71 | $97 | $206 | $313 | $412 |
| West Virginia | $17 | $28 | $53 | $72 | $195 | $303 | $401 |
Looking for an explanation revealed very little, but the data seems to suggest a major policy change on a national level.
Here are some of the links I found:
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