Rental market intelligence provider RentRange recently ranked the top 25 U.S. MSAs (metropolitan statistical areas) for single-family home rental price gains, and the results were eye-opening for some markets. Not surprisingly, California and Florida cities dominate the top 10 spots in the rankings for rental increases, with San Francisco coming in fourth place. Rental price increases came in at 17 percent, and yields increased by 5.6 percent in the City by the Bay. The RentRange data reports increases in rental rate and yield between the third quarter of 2015 and the same quarter in 2014 in it’s new report. “The California market experienced a lot of distress, and is now coming back," said RentRange CEO Walter Charnoff. “Rental prices were distressed too, and landlords were not necessarily getting market-rate rents. “Now, the markets are more normalized and there is strong price appreciation going on in California markets now.” The other part of the new ra...
- RentRange's inaugural rental market price report shares market intelligence with the public.
- California and Florida took seven of the top 10 spots on the list of appreciating rents.
- Rental price increases came in at 17 percent, and yields increased by 5.6 percent in San Francisco.