Yardi recently released its Matrix Monthly, a report covering 111 rental markets throughout the nation. February’s report found the national average apartment rental price rose $7 to an all-time high of $1,175, representing a 0.6 percent monthly gain and 5.9 percent annual gain.

Rental price gains are slowing, and the experts at Yardi suggest that overall rental growth for the rest of 2016 will be moderate compared with 2015. Declining growth of technology and oil are putting a damper on markets like Denver, Houston, San Francisco and Portland.

[Tweet “SF rental market forecasted to grow 11 percent”]

But still, the West is dominating. Portland leads the pack with a year-over-year gain of 14 percent, followed by San Francisco with 11.6 percent, Denver and Sacramento at 10.5 percent and Seattle at 9.6 percent.

Yardi Matrix Monthly February

Yardi

The experts expect a healthy year of growth throughout the nation. Housing supply, local job markets and housing costs are going to be the big three to pay attention to throughout the year.

yardi

In San Francisco, rental growth is leading the nation’s trends and the metro is ranked no. 2 behind Denver for growth.

 

SF

graph

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×