25 US cities where rental prices are red hot

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Fort Myers, Florida.
source
Wikimedia Commons

Renters in the US are seeing the prices of their units grow and grow, and it’s worse in some markets than others.

Altisource’s RentRange compiled data on the housing markets where rents are rising the fastest.

“The RentRange data shows that cities in the South and West generally had the greatest increases in home rental rates, while cities in the Midwest and Northeast experienced smaller increases,” the report revealed. “California and Florida were particularly strong, accounting for seven of the top 10 markets on the list.”

We’ve compiled the 25 markets that saw the greatest percentage increases in rents during the three months that ended in September. We also included the yield landlords were earning on those properties.

Check out the full list below.


25. HOUSTON-SUGAR LAND-BAYTOWN, Texas. Rents for the area jumped 9.6% in 3Q year-over-year. The average yield for landlords was 14.0%.

source
Flickr / Ed Uthman

Source: RentRange


24. BAKERSFIELD-DELANO, California. There was a 9.7% increase in 3Q rents year-over-year. The average yield for landlords was 9.6%.

source
Zillow

Source: RentRange


23. BIRMINGHAM-HOOVER, Alabama. There was a 9.8% increase in 3Q rents year-over-year. The average yield for landlords was 14.8%.

source
Wikimedia Commons

Source: RentRange


22. OXNARD-THOUSAND OAKS-VENTURA, California. The metro area saw a 10.0% increase in 3Q rents year-over-year. The average yield for landlords was 5.7%.

source
Zillow

Source: RentRange


21. ORLANDO-KISSIMMEE-SANFORD, Florida. The location had a 10.0% increase in 3Q rents year-over-year. The average yield for landlords was 10.6%.

source
Wikimedia Commons

Source: RentRange


20. TAMPA-ST. PETERSBURG-CLEARWATER, Florida. In the Tampa area, renters saw a 10.3% increase in 3Q rents year-over-year. The average yield for landlords was 11.5%.

source
Google Maps

Source: RentRange


19. LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, Arkansas. There was a 10.4% increase in 3Q rents year-over-year. The average yield for landlords was not available.

source
Wikimedia Commons

Source: RentRange


18. KANSAS CITY, Missouri-Kansas. The area had a 10.6% increase in 3Q rents year-over-year. The average yield for landlords was 12.7%.

source
Zillow

Source: RentRange


17. TULSA, Oklahoma. The Tulsa metro area saw a 11.3% increase in 3Q rents year-over-year. The average yield for landlords was 11.7%.

source
Zillow

Source: RentRange


16. COLUMBUS, Ohio. The location experienced a 11.5% increase in 3Q rents year-over-year. The average yield for landlords was 12.4%.

source
Kārlis Dambrāns

Source: RentRange


15. SEATTLE-TACOMA-BELLEVUE, Washington. The metro area had an 11.9% increase in 3Q rents year-over-year. The average yield for landlords was 6.4%.

source
Flickr

Source: RentRange


14. STOCKTON, California. Rents for the area increased 12.1% in 3Q year-over-year. The average yield for landlords was 7.3%.

source
Zillow

Source: RentRange


13. AUGUSTA-RICHMOND COUNTY, Georgia-South Carolina. The metro area saw a 12.3% increase in 3Q rents year-over-year. The average yield for landlords was 9.8%.

source
Wikimedia Commons

Source: RentRange


12. PORTLAND-VANCOUVER-HILLSBORO, Oregon-Washington. There was a 12.6% increase in 3Q rents year-over-year. The average yield for landlords was 6.6%.

source
Google Maps

Source: RentRange


11. NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, Tennessee. The Nashville area experienced a 13.2% increase in 3Q rents year-over-year. The average yield for landlords was 9.7%.

source
Wikimedia Commons

Source: RentRange


10. SAN DIEGO-CARLSBAD-SAN MARCOS, California. There was a 13.6% increase in 3Q rents year-over-year. The average yield for renters was 5.6%. The average yield for landlords was 5.6%.

source
Flickr/j_bongio

Source: RentRange


9. DALLAS-FORT WORTH-ARLINGTON, Texas. The Dallas area saw a 14.0% increase in 3Q rents year-over-year. The average yield for landlords was 13.4%.

source
Andreas Praefcke, Wikimedia Commons

Source: RentRange


8. DENVER-AURORA, Colorado. There was a 14.6% increase in 3Q rents year-over-year. The average yield for landlords was 6.7%.

source
Shutterstock

Source: RentRange


7. SAN JOSE-SUNNYVALE-SANTA CLARA, California. The metro area had a 16.1% increase in 3Q rents year-over-year. The average yield for landlords was 4.7%.

source
Sean O’Flaherty aka Seano1 atwal singh, Wikimedia Commons

Source: RentRange


6. LOS ANGELES-LONG BEACH-SANTA ANA, California. The area had a 16.3% increase in 3Q rents year-over-year. The average yield for landlords was 5.6%.

source
Wikimedia Commons

Source: RentRange


5. CHARLESTON-NORTH CHARLESTON, South Carolina. There was a 16.5% increase in 3Q rents year-over-year. The average yield for landlords was 9.0%.

source
Flickr / David Shankbone

Source: RentRange


4. SAN FRANCISCO-OAKLAND-FREMONT, California. The San Francisco area had a 17.0% increase in 3Q rents year-over-year. The average yield for landlords was 5.6%.

source
Shutterstock

Source: RentRange


3. NORTH PORT-BRADENTON-SARASOTA, Florida. The metro area had a 17.2% increase in 3Q rents year-over-year. The average yield for landlords was 9.7%.

source
Flickr/Vidar Stensen

Source: RentRange


2. SACRAMENTO-ARDEN-ARCADE-ROSEVILLE, California. There was a 17.6% increase in 3Q rents year-over-year. The average yield for landlords was 6.6%.

source
Google Maps

Source: RentRange


1. CAPE CORAL-FORT MEYERS, Florida. The biggest national increase was 23.6% in 3Q rents year-over-year. The average yield for landlords was 9.1%.

source
Wikimedia Commons

Source: RentRange


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