VEGAS..........notching better than 10% increases in median rental prices for apartments and condos in the period from July through October, 2012.
San Francisco champions in
baseball, and rents.
It’s fun to be the world champs – but a championship ring
can come with a rich price tag.
With a view of the city streets brimming with nearly one
million people attending the Giant’s victory parade, a San Francisco-based
client commented “I hope they aren’t looking for rental housing.” The San
Francisco Bay Area continues to be among the strongest in the country
notching better
than 10% increases in median rental prices for apartments and condos in the
period from July through October,
2012.
In fact, San Jose saw the highest
increase across the nation in median home rental rates and was the second
highest in apartment median prices.
Nationally,
many of the big gains are in median rental rates are (not surprisingly) coming
from high foreclosure states such as California, Florida, Nevada
and
Ohio. Other areas of strength include Houston, Indianapolis, Cleveland,
Minneapolis, Portland (OR) and Boston. But Northern California seems to
be leading the way in price upticks.
MEDIAN RENTAL PRICES |
|
Change from July, 2012 |
||
|
|
Apartments |
|
Homes |
|
|
|
|
|
|
|
|
Houston, Sugarland,
Baytown
|
|
11.1%
|
|
16.3%
|
|
Indianapolis, Anderson,
Columbus
|
|
10.3%
|
|
12.4%
|
|
Las Vegas,
Paradise
|
|
15.2%
|
|
13.7%
|
|
Miami, Ft Lauderdale,
Miami Beach
|
|
9.8%
|
|
11.5%
|
|
Cleveland, Elyria, mentor
|
|
8.2%
|
|
10.0%
|
|
Minneapolis, St Paul
|
|
11.6%
|
|
11.8%
|
|
Portland Beaverton
|
|
13.3%
|
|
12.7%
|
|
San Francisco, Oakland,
Fremont
|
|
12.2%
|
|
15.0%
|
|
San Jose, Sunnyvale, Santa
Clara
|
|
14.1%
|
|
19.6%
|
|
Seattle, Tacoma, Bellevue
|
|
13.3%
|
|
12.7%
|
|
Tampa, St Petersburg,
Clearwater
|
|
5.3%
|
|
12.7%
|
|
Salt Lake
|
|
2.6%
|
|
13.1%
|
|
Boston, Cambridge, Quincy
|
|
7.7%
|
|
12.5%
|
|
|
|
|
|
|
|
National Average
|
|
5.1%
|
|
5.7%
|
