San Diego Rental payments increase 4% over 2007.

San Diego Ca - MarketPoint announced the other day that San Diego Renters should expect another rent increase this year.  In their most recent survey of over 114,000 rental units they found that the average San Diego Rental property is now renting for $1387.  Although this survey is somewhat flawed in that is only looked at San Diego CA Rentals in complexes with at least 25 units.  So, for all of you who are considering renting a San Diego California home or Condo you can check out San Diego Home rental prices here...

San Diego Vacancy Rate less then 4%

In other San Diego County Rental news the Union Tribune recently reported that vacancy rates have dipped to 3.6%.  The March 2008 vacancy rates were a full percentage point below the vacancy rate reported in March of 2007.  Several things have contributed to the lower vacancy rates and increases in San Diego County Rents... 

• Continued lull in the housing market.
• Increases in San Diego Foreclosures
• Slowing in the building of New Rental Units