ABODO: Weakness In One-Bedroom Rents While Two-Bedroom is Rising

1

National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in July was $1,082 with two-bedroom units coming in at $1,357.  ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds.  Be sure to check out their extensive city list.

“We mentioned last month that the “solid increases we saw in June were on the higher side of our expectations,” and the one-bedroom weakness and the unexciting two-bedroom gains along with the fact that losers fell more than the gainers rose, points to a steadier national rental market.”

Click here to read the full report at ABODO.com.

 

About Author

Director of Education & Outreach, National Real Estate Investors Association