November 21, 2024 10:23 pm
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Valley renters, get ready for payments to go up

rent
Crentatherine Reagor, The Republic | azcentral.com
Anyone renewing a lease for a house, condominium or apartment in metro Phoenix likely will be facing a higher monthly payment.
Home prices are stable if not down a bit in the Valley, but rents are on the rise.
The average rent for a Phoenix-area house or condo is up 5.7 percent from a year ago, according to Arizona State University’s W.P. Carey School of Business. The typical apartment rent is up more than 5 percent, research from RealFacts shows.
Valley home prices are down about 2 percent for the year.
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