Zumper’s National Rent Report for May

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Rental information site Zumper recently released their National Rent Report for May showing that the median national rent for 1-bedroom apartment rise ever so slightly to $1,185 (up 0.1%) while the two-bedroom average grew 0.6% to $1,422.  Zumper says this fairly stagnant trend was true to the year over year growth rates as well, with one and two bedroom prices up 1.4% and 2.1%, respectively.  Zumper analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the month prior to publication…..be sure to look at their entire list of 100 cities.

Click here to read the full report on Zumper.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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