10 Markets Where Rents Are Rising Most
No two housing markets are alike—rents included. A recent analysis by GOBankingRates identifies the markets where rents have risen the most year-over-year, with two states dominating the ranking:
1. Marina del Ray, Calif.
May 2016 Rent: $2,800
May 2017 Rent: $3,241.50
Year-Over-Year Rent Rise: $441.50
2. Medford, Mass.
May 2016 Rent: $1,600
May 2017 Rent: $2,005
YoY Rent Rise: $405
3. Jersey City, N.J.
May 2016 Rent: $1,950
May 2017 Rent: $2,235
YoY Rent Rise: $285
4. Columbia, Md.
May 2016 Rent: $1,335
May 2017 Rent: $1,612
YoY Rent Rise: $277
5. Corona, Calif.
May 2016 Rent: $1,238
May 2017 Rent: $1,511.50
YoY Rent Rise: $273.50
6. Euless, Texas
May 2016 Rent: $795
May 2017 Rent: $1,049
YoY Rent Rise: $254
7. Phoenix, Ariz.
May 2016 Rent: $850
May 2017 Rent: $1,084.50
YoY Rent Rise: $234.50
8. Foster City, Calif.
May 2016 Rent: $2,741
May 2017 Rent: $2,968
YoY Rent Rise: $227
9. Newark, N.J.
May 2016 Rent: $880
May 2017 Rent: $1,100
YoY Rent Rise: $220
10. Chula Vista, Calif.
May 2016 Rent: $1,440
May 2017 Rent: $1,659.50
YoY Rent Rise: $219.50
Source: GOBankingRates
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