Denver 4th Highest in Nation for Single Family Home Rent Hikes

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Real Estate Agent with HomeSmart Realty FA100038258

According to data from RentRange, rent hikes for single family homes in Denver-Aurora area rank 4th highest in the nation, a dubious distinction. Rental rates are up more than 10% in Q4 2016, compared with the time the previous year. Only single-family home rentals in McAllen-Edinburg-Mission, Texas (12.9 percent), Cape Coral-Fort Myers, Florida (10.9 percent), and Portland-Vancouver-Hillsboro, Oregon/Washington (10.6 percent) had higher annual rent hikes greater than the Denver-Aurora area. The data also indicates that Denver-Aurora has the 2nd lowest vacancy rate in the nation, comparing the 25 markets with the highest rental rate increases. You can see the data for yourself at MarketWired.com. Read the full story at Denver Business Journal

 

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