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1281Solutions
9220 SW Barbur Blvd.
Suite 119-345
Portland, OR 97219
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1281 Homes Blog: Here are the top 10 most expensive rental markets in the U.S. & Double Close web site BELOW
THURSDAY, JUNE 7, 2018 PROPERTY NEWS: Here are the top 10 most expensive rental markets in the U.S. & Double Close web site BELOW

National rents are on the rise to the tune of 1.4% year over over. The coast hold the highest concentrations of rent growth titans, but mirror, mirror on the wall, California is far and away the most expensive state of them all.
According to Zumper, a rental listing site, three of the top five most expensive rental markets in the nation are in California. San Francisco holds the top spot as the nations priciest multifamily market exhibiting rent growth of 1.2% in its one bedroom price to $3,440. San Jose came in third at 2,500 for a one bedroom, and Los Angeles tied with Boston for fourth place at $2,300 for a one bedroom apartment.
New York holds the second place berth at $2,890 for a one bedroom unit, though it fell .30% month over month and .70% year over year.
The top 10 markets remained largely unchanged with the exception of Los Angeles which cranked up its rent growth rate to 2.2% month over month and a staggering 10% year over year, catalyzing its climb from the five spot to share the fourth spot with Boston.

Here’s the full, top 10 list:
1. San Francisco
2. New York
3. San Jose
4. Boston
5. Los Angeles
6. Washington D.C.
7. Oakland
8. Seattle
9. San Diego
10. Miami

California is exhibiting rapid year over year rent growth with three cities in the state at 10% or more growth year over year. Looking a little further down the list, Anaheim and Long Beach are at over 15% rent growth year over year. There are only a handful of cities in Zumpers top 100 outside of California with over 15% rent growth for one bedroom units. To put it in perspective, Las Vegas and Houston have the highest rent growth year over year at 15.60%. Anaheim and Long Beach are both at 15.40% the second highest growth rate recorded in the report.

SOURCE: Jeremiah Jensen

FREE TIP, SERVICE OR PRODUCT: Double Close web site at https://www.biggerpockets.com/renewsblog/2012/12/10/double-closing-part-1

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Thank you for your time.

Mark Bordcosh

1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com
POSTED AT 3 AM EDT
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