Enough of a reason to decline them?

So I would use some additional more organic methods to verify the rentometer results and conduct some research into whether rents have actually gone down in the area such as by speaking to local PMs, reading local RE industry reports and articles, looking up comparable listings, speaking to as many tenants and RE agents in the area as you can, google, etc. and if some or all of these sources confirm what rentometer says then try to determine what might be causing rents to decline (if indeed they are).

There's less competition cap rates are higher but continue to decline which means that values are increasing over time.

(was anyone else buying in 2007 and in 2010, prices finally stopped declining and took another 3 to recover to 2007 levels?) 

Areas that are good today can decline and sometimes areas that were once bad get better.

Thanks Bruce, Kelly,I live in a midwestern city that I love dearly but has been on the steady decline and I badly want to move (think rust belt, cloudy days, and cold weather).  

One concern is what seems to be a decline in population over the past years.

By early 2009 the market has declined even further and I was determined to buy and hold.  

Michigan however, is in a decline of home prices.

The bottom line is there  no clear indication of either tremendous growth or serious decline in the city.