#rental-trends

#rental-trends

California sees over 1 million renters paying $3,000+ monthly, doubling since 2019 amidst competitive housing and luxury rentals.

Brooklyn home prices continue to rise despite a decrease in sales and an increase in listings. Rental prices see a slight dip.

California continues to dominate the list of highest rental costs in the U.S., with San Francisco leading at over $5,400 monthly.

The U.S. is experiencing a shift towards rental living with significant apartment construction planned for the coming years.

Renting is currently more expensive than it was a few years ago, particularly during peak months from May to September.

New York City has seen a median one-bedroom rent of $4,500, marking a significant milestone in rental prices.

Nationwide, rents have increased nearly 21% in the last five years, highlighting the affordability crisis in housing.

Rising rents in newly constructed apartments are surpassing expectations amidst increased inventory, particularly in the Midwest and West regions. Rental prices are complexly influenced.