Skip to main content

Rents Are Still Going Up, Albeit Slightly

Oct 06, 2017
Going into October, renters can expect to pay $1,020 for their one-bedroom unit, according to new data from ABODO

Going into October, renters can expect to pay $1,020 for their one-bedroom unit, according to new data from ABODO. October’s rent average is the highest level for the year, just inching out September’s $1,018 level.
 
For the second consecutive month, the top three cities with the largest rent raises were Cleveland (up 9.9 percent), Santa Ana, Calif. (up 8.2 percent) and Colorado Springs, Colo. (up 6.4 percent). At the other end of the spectrum, Newark, N.J., saw the greatest rent decrease with a six percent drop from one month earlier, followed by Norfolk, Va., at a 5.9 percent drop and Houston at a 5.1 percent drop.
 
And, once again, San Francisco had the nation’s highest rent, with a $3,269 for one-bedroom unit.

 
About the author
Published
Oct 06, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024