{"id":8260,"date":"2016-12-08T08:29:39","date_gmt":"2016-12-08T14:29:39","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=8260"},"modified":"2021-01-05T09:22:37","modified_gmt":"2021-01-05T15:22:37","slug":"december-2016-national-apartment-report","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/december-2016-national-apartment-report\/","title":{"rendered":"Here’s What Happened to Apartment Prices from November to December 2016"},"content":{"rendered":"

\"National<\/a> *Data provided by Rentable\u00a0– Data based on apartments available to rent<\/em><\/p>\n

Here’s What Happened to Apartment Prices from November\u00a0to\u00a0December<\/strong><\/p>\n

Nationally, the average price of a one-bedroom was relatively stable over the month of November, falling from $1,042 to $1,037 \u2014 a decrease of less than one half of one percent.<\/p>\n

Miami experienced the nation\u2019s greatest rent decrease, with the price of a one-bedroom falling 11% to $1,569. That marks the second consecutive month of falling rent prices in the 305, after increasing by 9% in both September and October. In October, the average one-bedroom went for $1,891.<\/span><\/p>\n

Seattle rents decreased sharply for the second month straight. The average one-bedroom now costs $1,492, a 9% decrease from the previous month \u2014 and a far cry from September\u2019s $1,890 price tag. Minneapolis also posted a loss of about 9%. <\/span><\/p>\n

After a relatively stable October, Dallas, Oakland, and Phoenix all showed marked decreases in November, with prices going down by 7%, 6%, and 5%, respectively. The bottom of the list shows some new faces, as well: Philadelphia, Fairfax, and Raleigh all posted small decreases in November, despite having experienced rent increases in November.<\/span><\/p>\n

The nation\u2019s greatest rental hike over the month of November belongs to Colorado Springs, which saw the average price of a one-bedroom jump almost 8%, to $962. Three California cities \u2014 Long Beach, Sacramento, and San Diego \u2014 experienced rent hikes of between 4% and 6%. For the second straight month, Sacramento\u2019s rent increased by about 5% and now stands at $1,109 per month.<\/span><\/p>\n

Memphis, Omaha, Oklahoma City, and Kansas City \u2014 mid-sized cities with relatively low rents \u2014 all experienced minor increases in rent of between 2% and 3%. Two expensive coastal metropolises, Boston and Washington, D.C. saw small increases as well.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

*Data provided by Rentable\u00a0– Data based on apartments available to rent Here’s What Happened to Apartment Prices from November\u00a0to\u00a0December Nationally, the average price of a one-bedroom was relatively stable over the month of November, falling … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":23,"featured_media":8264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[148],"tags":[],"_links":{"self":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8260"}],"collection":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/comments?post=8260"}],"version-history":[{"count":4,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8260\/revisions"}],"predecessor-version":[{"id":20439,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8260\/revisions\/20439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media\/8264"}],"wp:attachment":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media?parent=8260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/categories?post=8260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/tags?post=8260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}