Rental information site Zumper recently released their National Rent Report for June showing that the median national rent for 1-bedroom apartment rose slightly to $1,198 (up 1.1%) while the two-bedroom average grew 1% to $1,436. However, Zumper says “there were lots of cities spread throughout the country with year over year growth rates that are over 10%, an upswing that will most likely continue into the hot moving season.” 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.
1 Comment
Pingback: Zumper’s National Rent Report for June – Real Estate Investor Updates