Industry NewsMarkets & Economy

National rental prices climb in June

HotPads: Largest increases for studios, 5-bedroom homes
Published on Jul 6, 2011

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by CareyBot

Rental listing prices nationwide rose 6.7 percent year-over-year in June, according to a report from real estate search site HotPads.

The report was based on the median listing prices of 500,000 rentals on HotPads.com across major U.S. metro areas between June 2010 and June 2011.

When broken down by number of bedrooms, the data showed studios and five-bedroom homes experienced the biggest rental price hikes. Monthly rent prices for studios rose 14.3 percent, to a median $833. For five-bedroom homes, rents rose 12.1 percent to a median $2,727.

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