Rental Home Prices in Kent County RI for March 2014
Real estate market data for Kent County, RI provided by Allison Bernard of Keller Williams Realty.
Kent County Home Rental Prices
Hurry to grab the newest rentals on the market in East Greenwich, Warwick, Coventry, Warwick and West Greenwich.. We have seen 3 straight quarters of rental home listing price increases on home rental prices in Kent County RI. If you are considering renting a home you can still find values on a rental home in Kent County RI but having a good real estate agent who understands the rental market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, rentals are renting close to asking price. To make sure you don't lose out, you'll want to have an agent finds that Kent County rental for you first before it gets taken by another lucky tenant.
If you are interested in how much current inventory is on the market in Kent County, RI you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Rhode Island, homes have a median time of 41 days on the market and average time of 79 days on market before they rent. This would suggest that tenants are in a position to choose quickly on a rental. Landlords should make sure to price their rental near the market value if they expect to get an offer from one of those interested tenants. Low rental inventory in Kent County Rhode Island is one indicator that rental prices should continue to rise.
The median list price per square foot in March for rental homes in Kent County is $1.2 per SqFt. The list prices increased by 10% from the previous month.
Find Homes for Rent in Kent County RI
Visit my website to search for homes in Warwick, West Warwick, Coventry, West Greenwich and East Greenwich, RI or to be notified when Kent County homes come on the market.
To find out what your rental home is worth in the current market email me or call 401-533-6916.
Kent County RI Real Estate Compliance
Remember, you can always have a real estate agent represent you in any leasehold real estate transaction, making sure you receive lead disclosures when necessary. You do not have to rent property with a landlord alone. A licensed real estate agent is able to walk you through the application process and be your designated client representative. When you are working with a real estate agent who representas the landlord, they may be unable to keep your information confidential. If you get your own real estate agent, in many cases they can prequalify you and show you many properties. If you are looking to rent a home in Kent County I would be happy to help you.