Local Rent Price Data
The rental data below was submitted today in the following article by
marketwatch.com:
http://www.marketwatch.com/story/houston-rents-are-surging-despite-the-plunge-in-oil-prices-2015-04-15?siteid=bigcharts&dist=bigcharts
Rank Metro market 12-month effective rent growth
1 San Jose 8.2%
2 San Francisco 7.5%
3 Denver 7.4%
4 Oakland-East Bay 6.2%
5 Seattle 5.4%
6 Nashville 5.3%
7 Houston 5.2%
8 Charlotte 5.0%
9 Miami 5.0%
10 Dallas 4.6%
Zillow recently did an analysis that shows our local rental market has appreciated at a dizzying pace:
http://files.zillowstatic.com/research/public/rental/ZRI.San%20Diego.395056.pdf
Top Cities Annual Rent Appreciate Feb 2014-Feb 2015:
Coronado 18.3%
Campo 14.5%
Solana Beach 13.7%
Encinitas 13.4%
Carlsbad 9 %
Top Neighborhoods Annual Rent Appreciate Feb 2014-Feb 2015:
Rancho Encantado 18.3% (Scripps Ranch area 92131)
Del Mar Heights 14.2%
Bay Park 12.4%
North Park 11.9%
Logan Heights 11.6%
These numbers are staggering considering the prior year had large percentage increases as well.