Rental prices continue to make strong strides, growing month by month and year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw a rent increase of 6 percent in May 2016 since May 2014 to another all-time high of $1,204.
- Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
- Job growth in Houston was the lowest on the list of 30 markets measured at just 0.6 percent.
- Austin had the strongest job growth of all 30 markets at 4.6 percent.