Top Five Rental Markets 1. San Francisco, CA rents continued to decline, marking the third straight month that this has occurred. Rents are down 0.6% since last month and are more than 5 percent below where they were last year. Bay Area renters may finally be beginning to see an easing of rents.
2. New York, NY also saw falling prices for the second straight month. The average price of one bedroom units fell by 2.9% to $3,040, and prices of two bedroom units fell as well. Even with this decline, the median rents in New York still remained nearly $800 more than other cities across the United States, besides San Francisco.
3. Boston, MA rents remained third on our list, just barely beating out the nation’s capital and other cities in the Bay Area. Rents in Boston rose by 1.4% for one bedroom units, while two bedroom units saw an increase of 4%.
4. Washington, DC rental prices stayed relatively steady over the past month, rising just 0.9%. Renters looking for two bedroom units, however, may see a bit of relief as prices for these apartments fell by almost 5 percent.
5. Oakland, CA rose one position to nudge out its neighbor to the South, San Jose, to claim the fifth highest average rental price. While rents for one bedrooms fell in San Francisco, they rose by 4.2% in Oakland. Two bedroom units, however, fell by 1.5%.
I thought that people here might like to see the median one bed rent rates in major US cities. Of course they will have to be adjusted up by 33% to allow for the exchange rate. To be honest they look rather expensive to me for a median one bed unit.
Take risks - if you win you will become wealthy, if you lose you will become wise
I thought that people here might like to see the median one bed rent rates in major US cities. Of course they will have to be adjusted up by 33% to allow for the exchange rate. To be honest they look rather expensive to me for a median one bed unit.
Why? Would you expect them to be an equivalent level to your suburb? These are simply the most expensive cities to rent for the obvious reasons. Houston, Philadelphia, Phoenix, San Antonio, Dallas and San Diego are not included, even though they are among the 10 largest cities in the U.S.
Why? Would you expect them to be an equivalent level to your suburb? These are simply the most expensive cities to rent for the obvious reasons. Houston, Philadelphia, Phoenix, San Antonio, Dallas and San Diego are not included, even though they are among the 10 largest cities in the U.S.
Why would I expect them to be the same as my suburb, we don't even have 1 bed apartments in my suburb.
Had you actually read the report you would have found that Houston, Philadelphia, Phoenix, San Antonio, Dallas and San Diego are included in the full report.
Why would I expect them to be the same as my suburb, we don't even have 1 bed apartments in my suburb.
Had you actually read the report you would have found that Houston, Philadelphia, Phoenix, San Antonio, Dallas and San Diego are included in the full report.
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So why do they feel expensive to you? I think $2200 in San Jose seems quite reasonable for a median rent.
The "median of the medians" is approx USD835. Is that expensive?
So why do they feel expensive to you? I think $2200 in San Jose seems quite reasonable for a median rent.
The "median of the medians" is approx USD835. Is that expensive?
The median is about $257 per week in $AUD for a 1 bed apartment, but that's the median of all cities and many of them are crap cities with limited infrastructure.
In the 1st world US cities the rents are much higher.
Take risks - if you win you will become wealthy, if you lose you will become wise
The median is about $257 per week in $AUD for a 1 bed apartment, but that's the median of all cities and many of them are crap cities with limited infrastructure.
In the 1st world US cities the rents are much higher.
Is $257 expensive for a 1-bedder? I don't know, but it seems reasonable to me.
What's a "crap city"? Cincinnati? P&G have their head office there.
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