Zumper’s National Rent Report for January

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Rental information site Zumper recently released their National Rent Report for January showing that the median national rent for 1-bedroom apartment was $1,217 and the median two-bedroom rent was $1,440.  Year to date, one bedroom prices are down 3.1% and and two bedroom prices are up 3.7%.  However, on a year over year basis, Zumper says the majority of large rent growths continued to be located in the mid to lower tiered markets.  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 check out their entire list of 100 cities.

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

 

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Director of Education & Outreach, National Real Estate Investors Association

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