Apartment Rents End 2017 on a Higher Note

Dec 01, 2017

When it comes to high-income households, a greater percentage of this money-burdened demographic can be found as renters rather than homeowners

The national median price of a one-bedroom apartment was $1,040 in December, a 2.4 percent increase from January’s $1,016, according to new data from ABODO.

Newark, N.J., recorded the greatest month-over-month increase in December, the median rent price rising by nearly 13 percent to $1,170. Corpus Christi, Texas, has the second highest rent spike at 9.8 percent, reaching a median price of $968. Columbus, Ohio, saw the greatest rent decline at 8.3 percent to a median price of $745.

And, once again, San Francisco and New York City were the nation’s most expensive rental markets, with one-bedroom apartments renting for $2,786 and $2,397, respectively.

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Phil Hall

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Dec 01, 2017

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