Rents Rise 14% in December—Biggest Jump in Over Two Years???
According to Redfin, “Average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December, the largest annual jump since at least February 2019.”
The biggest increase was in Austin, where rents surged 40% from a year earlier.
Take a look at the list below to see what 10 metro areas have been rising the fastest Y-O-Y!
Austin, TX (40%)
Nassau County, NY (35%)
New York, NY (35%)
Newark, NJ (35%)
New Brunswick, NJ (35%)
Miami, FL (34%)
West Palm Beach, FL (34%)
Fort Lauderdale, FL (34%)
Jacksonville, FL (31%)
Portland, OR (29%)
Who do you know that is renting? Please share this with them and keep them informed!
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