According to widely reported data from Zillow, median rents increased a seasonally adjusted 4.5% from one year ago. This marks a steady deceleration from annual prices gains of 5.3% in September and 6.2% in August.
Some takeaways:
- Rents appreciated 4.5% year-over-year, down from 5.3% in September 2015.
- Rents in large multifamily buildings rose 3.9% annually, rents of single-family homes grew 4.5%.
More information:
US home rental prices rise at slower pace in October, AP news 11/20/15
October Market Reports: Home Value Growth Accelerates, While Rent Growth Slows, Zillow
