Wednesday, July 18, 2012

Rents climb 11% in Denver over last year

According to Trulia, the average rental price in the Denver area has gone up 10.9% in June from a year earlier, the 3rd biggest gain among large U.S. markets in that period and twice the nationwide increase.

Denver’s rent increases over the 12-month period were exceeded only by San Francisco (up 14.7%) and Oakland (up 11%), according to the quarterly Trulia Rent Monitor report.
Nationwide, big-city rents were up an average of 5.4% higher in June from a year earlier. Rents rose year over year in 24 of the 25 biggest U.S. markets, except for Las Vegas.
In a previous Trulia report, comparing Denver-area rents from March 2011 to March 2012, rents rose 9.4%.
Just more reasons to stop renting and make that step to owning!