Please explain this Zillow diagram of average rent:

Member since 2020 · 64 posts · 14 votes

Please explain how to read this Zillow diagram?

Rental market summary
The average rent for 2 bedroom properties in (Town) is $2,350.
Above the chart: In the last year rent has decreased by $150 And the graph shows 2800 now compare to 2550 last year.

All info is for 2bedroom 1 bath apartments in the same town.

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Jason Zundel
Member since 2025 · 111 posts · 123 votes
1y
Graphs like these can either look at a specific date, but more commonly at the trends and averages. While at a peak currently, the average with a smaller period this year is less than the average of last year, and by $150. In addition, the real peak looks to be happening in April, while again, the general compilation is often based on on metrics such as quarter, so the peak of 2,8000 may not even be includes in the average numbers being shown or read in the statement of rents being $150 less than last year. As an investor, you definitely want to look at the underlying number and analysis being used and often take the graphs and charts with a grain of salt.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

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Kerry BairdPro Member
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
1y
@Linda Roberts, curious about house prices for same over the same period of time.
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