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Denver metro apartment rental rates reach historic highs according to data

By
Real Estate Agent with HomeSmart Realty FA100038258

Denver Post .. Metro Denver apartment rents, historically restrained, have broken off the leash and are running up, up, up — like a loose dog on the trail of a deer.

 

Average metro Denver apartment rents rose 12.2 percent in the fourth quarter and 12.1 percent in the first from the same quarters of 2014.

 

Those back-to-back annual gains are the biggest captured in the area since Gordon von Stroh, a professor at the University of Denver, started surveying rents back in the early 1980s, according to an analysis from housing economist Ryan McMaken. Read more at Denver Post

 

 

For more information on buying Denver homes, selling Denver homes, or rent to own Denver homes, please visit the websites at www.MyCORealtor.com or www.RentToOwnDenverHomes.com

Jerry Lucas
ABC Legal Docs LLC - Colorado Springs, CO
Notary Training, Consulting. Colorado Springs, CO

How many renters are getting 12% annual raises at work?  I don't think it is healthy when rents go up faster than incomes.  The renters will be motivated to move out and buy a house as soon as they can.

May 15, 2015 12:48 PM