Nationwide Rents Unchanged Over Past Year

Sep 20, 2018

<div>Oregon is poised to make history as the first in the nation to offer a statewide rent control policy.</div> <div> </div> <div><a href="https://www.oregonlive.com/politics/2019/02/oregon-legislature-passes-nations-first-statewide-rent-control-p

For the first time since 2012, rents nationwide remained at the same level on a year-over-year measurement, according to new data from Zillow. The median rent level stood at $1,440.

Zillow added that rent appreciation has remained below three percent annual increase for the past 27 months, while the median rent fell on an annual basis in 19 of the 35 largest markets. The greatest decline in rent was in Portland, where the $1,834 median is 1.8 percent lower than one year earlier. The greatest rent appreciation was Riverside, Calif., where it rose 3.7 percent over the past year to $1,899.

“Earlier this year, the housing market was a story of diverging paths, with rents steadily cooling and home values picking up speed,” said Zillow Senior Economist Aaron Terrazas. “Normally rents and home values are tied together, but strong apartment construction and a surge of young homebuyers contributed to this historical anomaly.”

About the author

Phil Hall

Link copied

Published

Sep 20, 2018

People On The Move

Kevin Dilday's Back At Guaranteed Rate Affinity

Takes on role as area sales manager for the Mid-Atlantic region; says company's culture, tech 'cannot be replicated'

Guaranteed Rate Affinity (GRA), a joint venture of Guaranteed Rate, Inc. and title/ settlement services firm Anywhere Integrated Services that is the primary mortgage lending partner of Coldwell Banker, announced the return of Kevin Dilday as he steps into the role of area s...

Analysis and Data

Lenders Prep For Recession As Deals Collapse And Buyers Stall

Leaky pipelines and buyer pullback define Q2 2025

A majority of U.S. loan officers are bracing for an economic downturn, according to HomeLight’s Q2 2025 Lender Insights & Predictions survey, which polled over 105 top lending institutions including The Loan Store, Fairway Independent Mortgage Corporation, and Cross Coun...