👨‍💼Rents Continue to Rise

By
Real Estate Agent with Arizona Focus Realty SA634540000

💥Rents Continue to Rise

 

 ☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call Brian at 480-773-2370

🙋‍♂Text Brian at 480-773-2370

📨Email Brian at brian@bke12.com

 

While the overall median rent in the US increased by 1️⃣1️⃣%, some cities have seen much higher spikes in their median rent price. Learn more about these changes and see how your city is doing!   To read the full article on Inman, click HERE.

 

I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon

 

☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call Brian at 480-773-2370

🙋‍♂Text Brian at 480-773-2370

📨Email Brian at brian@bke12.com

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Comments (26)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Just mind boggling. So tough on renters today. Great information, thanks for the post.  Well, it is Friday-Eve, make it a productive Thursday. SELL A HOUSE. bill

Jan 27, 2022 05:28 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I feel sorry for renters Bill Salvatore - YVP Blog but the smart ones put themselves in a position to buy as soon as possible so that they will have options.

Jan 27, 2022 05:40 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

As the cost of homes rises, rents will definitely follow with increases.

Take care, be safe and have a great day.

Jan 27, 2022 06:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, I have a note on my desk to do a similar post.  Our rents in Denver have increased 26%.

Jan 27, 2022 06:16 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is very true Roy Kelley and that is why it is important for renters to keep an eye on the market so they aren't surprised by their rent being increased.

Jan 27, 2022 06:27 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is a very significant increase Joan Cox and will certainly affect those that are on a fixed income and renting.

Jan 27, 2022 06:28 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

My poor daughter is one of those renters in Denver. It's ridiculous what she pays for a small two bed/one bath apartment. One of these days, we've got to get her in homeownership. Right now though, is not the time to buy either. It's a Catch-22. 

Jan 27, 2022 06:47 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - rent is absolutely INSANE here too! If these rents don't start coming down to realistic monthly rent, there will be a lot more homeless people!

Jan 27, 2022 07:00 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It sounds like your daughter is in a tough spot Debb Janes EcoBroker and Bernie Stea JD and I know the market is hot in the Denver area.

Jan 27, 2022 07:02 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is very sad to think about people becoming homeless because of rent increasing too much Patricia Feager, MBA, CRS, GRI,MRP 

Jan 27, 2022 07:03 AM
Patricia Feager, MBA, CRS, GRI,MRP

Brian England - It's already happening in parts of Dallas. Yes! It's very sad. 

Jan 27, 2022 07:23 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Brian,

I agree with Debb Janes EcoBroker and Bernie Stea JD .  It is a Catch 22, and as with everything in life the pendulum will swing. A

Jan 27, 2022 07:15 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is why we have to prepare ourselves Ron and Alexandra Seigel so that we will have options.

Jan 27, 2022 07:25 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Brian, Rentals are very much in demand, but the prices are super high. Don't see this changing much at this point in time.

Jan 27, 2022 07:45 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems that it has been that way in my area forever Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 since I recall trying to help some renters try to find a place and it was always very difficult.

Jan 27, 2022 07:49 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Brian, I see rents going up in the Denver area and feel for people because they can not afford homes with our high prices.

 

Jan 27, 2022 08:35 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is definitely a tough market for buyers and renters Will Hamm I see the same in my area as well.

Jan 27, 2022 08:59 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

If you are done with those bills in your photo, could you send them my way?  I want to take that picture and, I promise, I will send them back when I am done. 😂

Jan 27, 2022 09:47 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think that I will never be done with those bills Raymond Henson, eXp Realty so don't hold your breath on them heading your way anytime soon, haha.

Jan 27, 2022 10:52 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Brian rents are going through the roof.  In many cases the monthly mortgage payment with taxes and insurance, is less then the monthly rental payment on comparable units.

Jan 27, 2022 12:28 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems that a mortgage payment with taxes and insurance has always been less than whatever market rent would be for a similar home George Souto at least that is what I have seen in my area.

Jan 27, 2022 03:45 PM