{"id":1854,"date":"2018-01-05T15:19:00","date_gmt":"2018-01-05T15:19:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2018\/01\/05\/rental-markets\/"},"modified":"2025-03-13T02:32:30","modified_gmt":"2025-03-13T02:32:30","slug":"rental-markets","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2018\/01\/05\/rental-markets\/","title":{"rendered":"Top 10 Rental Markets of 2017: End of Year Review"},"content":{"rendered":"

Zumper aggregates and analyzes active listing data on a monthly basis to calculate median asking rents across the country<\/a>, providing a comprehensive view of the current state of the market. This post discusses the rental trends the top 10 most expensive cities saw this year.<\/p>\n

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1. San Francisco, CA<\/p>\n

            <\/span>The most expensive city in the nation saw a very flat year in rent growth, ending 2017 with one bedroom prices up 1.5% and two bedrooms down 2.9% since last year. One bedroom prices never hit or surpassed the $3,500 threshold this whole year, which is surprising since the city spent about half its year in 2016 priced above that amount.<\/p>\n

2. New York, NY<\/p>\n

            <\/span>The second priciest rental market saw an even more downward trend than San Francisco, with one and two bedroom rent in New York City down 3.7% and 5%, respectively, since this time last year. One bedroom rent stayed under the $3,000 threshold the whole year, hitting a high of $2,950 in June.<\/p>\n

3. San Jose, CA<\/p>\n

            <\/span>San Jose finished off the year with the third most expensive one bedroom rent, at $2,460, and also with the third largest yearly growth rate, at 13.4%. Two bedroom prices were in line with this trend as well, climbing 9.6% since this time last year. It seems the tech market in Silicon Valley has not slowed down as demand for housing here is at a record high.<\/p>\n

4. Washington, DC<\/p>\n

            <\/span>D.C. had the second largest one bedroom yearly growth rate, at 15.3%, and the largest two bedroom yearly growth rate, at 13.6%. The city did not rank in the top 5 for the first half of the year but moved back up to fourth and remained at that position since our July report.<\/p>\n

\"Rental<\/p>\n

5. Los Angeles, CA<\/p>\n

            <\/span>L.A one bedroom rent was the fastest growing since this time last year, climbing 15.6%. Two bedrooms also saw a big price spike, jumping 11.1%. Notably, this city is fiercely beating the current, usually slow moving season with one bedroom rent hitting the priciest amount all year in this report at $2,300.<\/p>\n

6. Boston, MA<\/p>\n

            <\/span>Boston had a relatively stable year in rent price growth. One bedroom prices were up 0.9% since this time last year, while two bedrooms saw a larger increase, climbing 3.8%. Though Boston started off the year holding onto its position as third for the first few months, rent slowed down and it dropped to become fifth\/sixth priciest around the middle of the year and remained there.  <\/span><\/p>\n

7. Oakland, CA<\/p>\n

            <\/span>Oakland one bedroom rent fluctuated between $2,000 and $2,300 throughout the year but never hit or passed the $2,300 threshold. It ended the year with one and two bedroom rents up a slight 3.3% and 1.6%, respectively.<\/p>\n

8. Seattle, WA<\/p>\n

            <\/span>The eight most expensive city saw a similar trend to Boston, with both bedroom types increasing slightly in rent since this time last year. One bedroom prices grew 1.1% and two bedrooms increased 1.7%.<\/p>\n

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