Rent Growth Trends

[John Williams]

Interesting graph from CoreLogic. What is the story in your market? A recent study I completed for a segment in Clarksville, TN showed YoY rent growth of 5.42%!

[Greg Scott]

The average temperature in the United States is 50 degrees, but if you are standing in Death Valley or Gnome, Alaska, what you experience may feel very different.

In the handful of MSAs that I monitor, I'm seeing YoY rent changes from (2%) to 8%. But, even within an MSA you can have a similar range of differences.

[Marcus Auerbach]

Its important to look at your metro area, but also at local neighborhoods, as they can differ quite a bit. 

For example (all data YoY)

Wisconsin 6.01%

West Allis: 1%

Wauwatosa: 11.9%

Shorewood: 13%

City of Milwaukee: 11%

West Allis stands out, because it has been the HOTTEST market last year, so looks like it's consolidating this year.

The April lunch&learn for the RPA will be about Milwaukee rent growth and increases.

[Jacopo Iasiello]

Interesting, thanks for sharing

[Raj Janakarajan]

Can anyone point me to where to find Rent growth data for specific MSA for last 5 to 5 years?