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DC’s rents have been almost stagnant for about 10 years now. The amount of housing built has helped so much. Anyone that thinks building housing doesn’t help to keep rent growth low can look at DC over the last decade for proof it does.
Yeah but this is for the metro. The city itself still has outrageous rent prices.
Boston is really shocking. Does it really have higher rents in its metro than San Francisco?
I really dont think so. I don't see how $3650 is the average in Boston. I see rents mostly well below that. All of these prices seem ridiculously high compared to what I see on apartment websites.
I guess because Boston really has so few apartments available? Are the only ones really available in Mass. are brand new luxury apartments? But yea no way rent is that high especially not on those incomes that don't really approach SF.
Brand new listing (18 minute sago) in wealthy newtonville is 2600 for a 2bR
To me the average 2BR in the Boston metro looks morelike it goes for 2.6k,, when I take a look at a zillow map. most South of the City go for like 2k-2.2k...The only astronomical rents I see are near the water and near downtown
Last edited by BostonBornMassMade; 02-01-2022 at 08:36 AM..
I guess because Boston really has so few apartments available? Are the only ones really available in Mass. are brand new luxury apartments? But yea no way rent is that high especially not on those incomes that don't really approach SF.
Yeah, I'm guessing those averages are thrown off by empty, luxury apartments.
Other than these numbers being questionable, as others have noted, they are also rather useless. Some cities have a large concentration of larger upscale units, and others have mostly smaller, older units.
The number your are looking for is the average rent per square foot, same as they report for commercial properties.
I would also be interested in a correlation between the housing appreciation rate and a rent increase percentage, city by city (not metro areas). Obviously, if the house prices rise, the rents should too. If they weren't, new buyers would choose to rent rather than buy, and the demand for houses would decrease, along with prices, while the rents would be under an upward pressure.
Yeah but this is for the metro. The city itself still has outrageous rent prices.
No, it actually doesn’t. You can rent a luxury apartment in DC starting at $1,500 with 2 months free in 2022. You can rent studios in Navy Yard for $1300.
I missed where you said stagnant and that's somewhat true but even most of the links you sent me have studios starting around 1800. Virtually very little of the "luxury" one bedroom apartments are under 2k. Most new apartments have their rents sky high. The cheapest 1 bedrooom unit in the new Gantry building in NE is over 2200k. Many over are over 3000 with one being over 4000 (and that's a 1 bedroom apartment). Now hopefully more units get built. Like thousands more per year. But the rent prices are still pretty high.
No, it actually doesn’t. You can rent a luxury apartment in DC starting at $1,500 with 2 months free in 2022. You can rent studios in Navy Yard for $1300.
I just saw his edited post. I highly doubt you can find a studio in Navy Yard that's in a new apartment. If it's there, it's definitely not the norm. In fact, when I go to the site that's linked, I see only two buildings where a studio is less than 1700. The rest are over 2000.
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Lies, damn lies, and statistics
