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Bogdan Cirlig
  • Real Estate Investor
  • Los Gatos, CA
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January 2015 Rents up all across the US

Bogdan Cirlig
  • Real Estate Investor
  • Los Gatos, CA
Posted Feb 1 2015, 13:02

The national Rental trend remained bullish in January 2015 with rents inching up in most metropolitan areas of the US when compared to December 2014. More significant increases are observed when looking back 12 months and compare to January 2014, with rents across 2,3,4 bedrooms approaching 10% Year-over-year increase.

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During the month of January 2015, New York, NY metro rents experienced an average increase of 5.61% for Studio, 1, 2, 5 bedroom rentals 3, 4 bedrooms apartment and house rents remained flat, when compared to last month. When compared with same month of last year, rents saw an average increase of 10.09% for Studio, 1, 2, 3, 4, 5 bedroom rentals. See full report here.

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Los Angeles, CA metro rents experienced an average increase of 2.01% for 1, 2, 3, 4, 5 bedroom rentals and an average decrease of 4.97% for Studio bedroom rents, when compared to last month. When compared with same month of last year, rents saw an average increase of 11.99% for Studio, 1, 2, 3, 4, 5 bedroom rentals. See full report here.

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Chicago, IL metro rents experienced an average increase of 5.29% for Studio, 1, 2 bedroom rentals and an average decrease of 2.2% for 4, 5 bedroom rents 3 bedrooms apartment and house rents remained flat, when compared to last month. When compared with same month of last year, rents saw an average increase of 11.07% for 1, 2, 3, 4, 5 bedroom rentals while 3 bedrooms house and apartment rents were unchanged. See full report here.

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Dallas, TX metro rents experienced an average increase of 2.40% for 1, 2, 3, 4 bedroom rentals and an average decrease of 2.33% for 5 bedroom rents, when compared to last month. When compared with same month of last year, rents saw an average increase of 8.67% for 2, 3, 4, 5 bedroom rentals and an average decrease of 2.05% for 1 bedroom rents. See full report here.

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For a complete list of major metropolitan metro rental trends for January 2015 visit http://www.zilpy.com/rentalmarket

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