Rental cost show strong increases

According to an apartment research firm, January had one of the strongest national increases in rent seen since the post-recession period. According to this research firm January saw a very strong 4.9% annual rental increase as well as an equally strong 94.6% occupancy rate.

Naturally, here in California, we lead the nation in high rental amounts! Data from the January rental report also showed that some of the fastest growing rental increases were in Denver, Kansas City, Nashville, Portland, and Charlotte, North Carolina.

Rental Costs

Rental amounts in the cities were not the highest in the nation, but, did experience some of the highest rental increases.

Another major real estate firm. As noted that since 2000. Rental increases have increased almost twice as fast as wages!

Even though in many cases it may be cheaper to own than rent, the high home prices have A lot of potential buyers in the rental market. With the recent changes in mortgage insurance rates and the lowering of down payments, may, allow high cost renters to become homeowners.

San Diego average rental costs:

Realtor.com shows that a one-bedroom average rental amount in San Diego is $2,216. A two-bedroom has an average rental rate of $3,178.

Rent costs show strong increases

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