Zillow: Rent growth accelerates going into 2018

Median rent across the country rose 2.4% over the past year, driven mostly by single-family rental prices.

Builder

After slow growth during 2017, rental prices have started to tick back up again, driven mainly by an increase in single-family rental prices, according to the November Zillow Real Estate Market Report.

Median rent across the country rose 2.4% over the past year to a median rental price of $1,435 per month, the highest median rent Zillow has ever reported. With the recent pick up in rent prices, rent growth is now rising at the same pace as incomes for the first time since June 2016, causing renters to put more of their income toward a monthly rental payment. Incomes rose 2.5% since last November, and they have been hovering around that rate for over a year.

READ ON:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.