
Audio By Carbonatix
In recent years, we’ve grown accustomed to discovering that rent prices in Denver are rising faster than anywhere else in the country.
But a new survey by RentRange suggests that the situation is finally starting to moderate, at least in one particular area.
The site looked at the average rental rate increase for single-family homes between the third quarter of 2014 and the same period this year among the top 25 metropolitan statistical areas in the U.S.
Shockingly enough, the combination of Denver and Aurora isn’t number one. Instead, the Mile High metroplex finishes eighth – meaning there were seven other areas where home rental costs were moving upward even faster than here.
Find out which ones by counting down our photo-illustrated roster below, featuring RentRange data.
Number 8: Denver-Aurora CO
Change in Rent – Q3: 14.6 percent
Average Yield – Q3: 6.7 percent
Number 7: San Jose-Sunnyvale-Santa Clara CA
Change in Rent – Q3: 16.1 percent
Average Yield – Q3: 4.7 percent
Number 6: Los Angeles-Long Beach-Santa Ana CA
Change in Rent – Q3: 16.3 percent
Average Yield – Q3: 5.6 percent
Number 5: Charleston-North Charleston SC
Change in Rent – Q3: 16.5 percent
Average Yield – Q3: 9.0 percent
Number 4: San Francisco-Oakland-Fremont CA
Change in Rent – Q3: 17.0 percent
Average Yield – Q3: 5.6 percent
Number 3: North Port-Bradenton-Sarasota FL
Change in Rent – Q3: 17.2 percent
Average Yield – Q3: 9.7 percent
Number 2: Sacramento-Arden-Arcade-Roseville CA
Change in Rent – Q3: 17.6 percent
Average Yield – Q3: 6.6 percent
Number 1: Cape Coral-Fort Myers FL
Change in Rent – Q3: 23.6 percent
Average Yield – Q3: 9.1 percent