Audio By Carbonatix
Rent prices in Denver have been among the highest in the nation in recent years.
And while costs have moderated to some degree over the past few months, they’re no one’s idea of a bargain.
That’s the takeaway from a Rent Cafe post focusing on the twenty major U.S. markets in which rent is expected to rise the fastest.
We’ve focused on the top ten for a very simple reason: Denver’s on it.
Again.
Look below to count down the photo-illustrated top ten, featuring Rent Cafe data about predicted uptick in 2016, job growth and the average rent as of February. Note that Denver’s number is higher than all but three members of the top ten. That’s followed by a Rent Cafe graphic showing digits for the entire top twenty. To check out the original Rent Cafe item, featuring much more information, click here.
Number 1: San Francisco, California
Forecast Rent Growth 2016: 10.5 percent
Average Rent February 2016: $2,810
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.7 percent
Number 2 (tie): Sacramento, California
Forecast Rent Growth 2016: 8.8 percent
Average Rent February 2016: $1,165
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 2.6 percent
Number 2 (tie): Portland, Oregon
Forecast Rent Growth 2016: 8.8 percent
Average Rent February 2016: $1,252
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.6 percent
Number 4: Dallas, Texas
Forecast Rent Growth 2016: 7.3 percent
Average Rent February 2016: $1,101
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.2 percent
Number 5: Seattle, Washington
Forecast Rent Growth 2016: 7.2 percent
Average Rent February 2016: $1,555
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.1 percent
Continue to see more of the top ten major cities with the highest rent growth.
Number 6: Los Angeles, California
Forecast Rent Growth 2016: 7.1 percent
Average Rent February 2016: $2,136
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 2 percent
Number 7: Inland Empire, California
Forecast Rent Growth 2016: 6.8 percent
Average Rent February 2016: $1,276
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.5 percent
Number 8: Atlanta, Georgia
Forecast Rent Growth 2016: 6.4 percent
Average Rent February 2016: $1,137
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.2 percent
Number 9 (tie): Orlando, Florida
Forecast Rent Growth 2016: 6.3 percent
Average Rent February 2016: $1,120
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 3.5 percent
Number 9 (tie): Denver, Colorado
Forecast Rent Growth 2016: 6.3 percent
Average Rent February 2016: $1,335
Year-Over-Year Job Growth (Six-Month Moving Average) as of December 2016: 2.3 percent
