Skip to main content

Median Rent Prices Continue to Climb

Phil Hall
Jul 05, 2016
Median rent prices in June increased two percent on a year-over-year basis, according to data released by Apartment List

Median rent prices in June increased two percent on a year-over-year basis, according to data released by Apartment List.

The median price for a two-bedroom apartment is $1,300, while one-bedrooms are at $1,140. The top 10 cities were the highest rents were either in the Eastern Seaboard, Pacific Northwest or California, while San Francisco continued to hold the title as the most expensive city for two-bedroom rents, with a median price last month of $4,650. Oddly, rent prices in San Francisco have bucked the national trend and fell year-over-year in June by 1.5 percent.

Colorado Springs, Colo., saw the greatest average rent increases over last year with two-bedroom prices up nine percent. Two-bedroom units in Colorado Springs have a median price of $1,000, while one-bedrooms are renting for $780. Other markets with significant year-over-year rent increases include Long Beach, Calif. (up eight percent), Vancouver, Wash. (up 7.8 percent) and—somewhat unexpectedly—Manchester, N.H. (up 7.5 percent).

Published
Jul 05, 2016
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021