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.
- Rental growth in D.C. expected to be 1.2 percent by the end of 2016.
- Baltimore and D.C. both had a vacancy rate of 96.2 percent in April 2016, which was unchanged on a monthly basis.