A data‑driven look at every U.S. market.

Let me know if you want more detailed info on your market. Provide your city or zip, home type (home, townhome, condo), and # of bedrooms and I can reply with more info!

1. National pulse

Metric	July 2025	MoM Δ	YoY Δ
Average asking rent	$1,889	−1.0 %	−0.4 %
Listings on market (in this data set)	232 k	−40.5 k	−5 %
Average Days on Market (DOM)	52 days	+0.01 days (flat)	−2 days vs. July  2024

Takeaway: The post‑pandemic cooling phase has largely run its course. National rents are essentially flat year‑on‑year, and supply is tightening again after the spring listing surge. DOM has stopped falling, signaling an equilibrium between tenant demand and the wave of new supply delivered in 2023‑24.

2. Region‑level story (Census regions)

Region	Avg. Rent	YoY Δ	MoM Δ	Listings share
Northeast	$2,307	−1.4 %	−0.6 %	23 %
Midwest	$1,360	+2.3 %	−1.2 %	16 %
South	$1,722	+1.6 %	−0.3 %	35 %
West	$1,968	−3.4 %	−2.3 %	25 %

What’s moving the needle?

West weakness – Tech‑centric metros (San Jose, Seattle, Portland) are digesting a glut of Class‑A apartments opened last year, pushing incentives up and rents down.
Midwest resilience – Smaller inventories and steady household formation keep Cincinnati (+9.6 % YoY) and Kansas City (+6.3 % YoY) positive outliers.
Sunbelt divergence – Florida bifurcates: Miami (+2.7 % YoY) still climbs while Tampa (−6.9 % YoY) cools sharply as pipeline deliveries finally hit.
Northeast plateau – Expensive, supply‑constrained markets (Boston, NYC) have leveled off; New Haven (+8.3 % YoY) is the lone hot spot thanks to Yale‑driven demand.

3. State‑by‑state & metro detail (July 2025)

(Key: “avg” = average asking rent; DOM = average days on market; ▲ = increase, ▼ = decrease, – = no change.)

Alabama

All – $1,450 avg (MoM –0.0 %, YoY –0.0 %, DOM 54)

Alaska

All – $1,800 avg (MoM ▼2.7 %, YoY ▼5.0 %, DOM 41)

Arizona

Phoenix – $1,950 avg (MoM ▼1.5 %, YoY ▼6.9 %, DOM 46)

Arkansas

All – $1,400 avg (MoM –0.0 %, YoY ▲0.4 %, DOM 46)

California

Los Angeles – $2,900 avg (MoM ▼1.4 %, YoY ▼0.7 %, DOM 56)
Sacramento – $2,195 avg (MoM ▼0.8 %, YoY ▼3.0 %, DOM 50)
San Diego – $3,100 avg (MoM ▼1.9 %, YoY ▼2.2 %, DOM 48)
San Francisco – $3,495 avg (MoM ▲1.2 %, YoY ▲4.3 %, DOM 55)
San Jose – $3,350 avg (MoM ▼2.0 %, YoY ▼2.9 %, DOM 58)

Colorado

Denver – $2,176 avg (MoM ▼1.1 %, YoY ▼2.4 %, DOM 36)

Connecticut

New Haven – $1,950 avg (MoM ▲0.8 %, YoY ▲8.3 %, DOM 54)

Delaware

All – $1,967 avg (MoM ▼1.7 %, YoY ▼1.7 %, DOM 47)

Florida

Jacksonville – $1,600 avg (MoM ▼4.5 %, YoY ▼7.0 %, DOM 47)
Miami – $3,300 avg (MoM ▲3.1 %, YoY ▲2.7 %, DOM 52)
Orlando – $2,000 avg (MoM –0.0 %, YoY ▼9.0 %, DOM 43)
Tampa – $2,200 avg (MoM –0.0 %, YoY ▼6.9 %, DOM 44)

Georgia

Atlanta – $2,000 avg (MoM ▼0.7 %, YoY ▼4.9 %, DOM 71)

Hawaii

All – $3,195 avg (MoM ▼2.3 %, YoY ▼4.1 %, DOM 50)

Idaho

Boise – $1,825 avg (MoM ▼1.1 %, YoY ▼5.0 %, DOM 38)

Illinois

Chicago – $1,768 avg (MoM ▲0.9 %, YoY ▲2.2 %, DOM 55)

Indiana

Indianapolis – $1,550 avg (MoM ▲0.9 %, YoY ▲1.4 %, DOM 48)

Iowa

All – $1,325 avg (MoM ▲0.7 %, YoY ▲2.1 %, DOM 45)

Kansas

All – $1,300 avg (MoM ▲0.4 %, YoY ▲8.3 %, DOM 47)

Kentucky

Louisville – $1,495 avg (MoM ▲0.3 %, YoY ▲3.8 %, DOM 43)

Louisiana

New Orleans – $1,675 avg (MoM ▲0.0 %, YoY ▲1.5 %, DOM 59)

Maine

All – $2,013 avg (MoM ▼1.6 %, YoY ▼6.3 %, DOM 62)

Maryland

Baltimore – $2,550 avg (MoM ▲0.4 %, YoY ▲6.7 %, DOM 49)

Massachusetts

Boston – $2,833 avg (MoM ▼0.8 %, YoY ▼3.3 %, DOM 56)

Michigan

Detroit – $1,475 avg (MoM ▲1.0 %, YoY ▲3.2 %, DOM 51)

Minnesota

Minneapolis–St. Paul – $1,600 avg (MoM ▲0.0 %, YoY ▲1.6 %, DOM 57)

Mississippi

All – $1,400 avg (MoM ▲0.0 %, YoY ▲7.1 %, DOM 56)

Missouri

Kansas City – $1,475 avg (MoM ▲0.0 %, YoY ▲6.3 %, DOM 46)
St. Louis – $1,475 avg (MoM ▲0.0 %, YoY ▲1.2 %, DOM 46)

Montana

All – $1,650 avg (MoM ▼1.8 %, YoY ▼2.9 %, DOM 44)

Nebraska

Omaha – $1,275 avg (MoM ▲0.0 %, YoY ▲1.4 %, DOM 43)

Nevada

Las Vegas – $1,875 avg (MoM ▲1.4 %, YoY ▼4.0 %, DOM 38)

New Hampshire

All – $2,000 avg (MoM ▼2.5 %, YoY ▼11.1 %, DOM 58)

New Jersey

Newark metro – $2,192 avg (MoM ▲0.6 %, YoY ▲2.2 %, DOM 49)

New Mexico

Albuquerque – $1,700 avg (MoM ▼1.7 %, YoY ▼3.6 %, DOM 39)

New York

New York City – $2,950 avg (MoM ▼0.8 %, YoY ▼2.7 %, DOM 60)

North Carolina

Charlotte – $2,144 avg (MoM ▲7.2 %, YoY ▲6.7 %, DOM 50)
Raleigh–Durham – $1,895 avg (MoM ▲0.6 %, YoY ▲3.9 %, DOM 51)

North Dakota

All – $1,300 avg (MoM ▲0.0 %, YoY ▲1.6 %, DOM 42)

Ohio

Cincinnati – $1,425 avg (MoM ▲0.7 %, YoY ▲9.6 %, DOM 48)
Cleveland – $1,425 avg (MoM ▲0.7 %, YoY ▲1.8 %, DOM 48)
Columbus – $1,425 avg (MoM ▲0.7 %, YoY ▲2.5 %, DOM 48)

Oklahoma

Oklahoma City – $1,295 avg (MoM ▲0.0 %, YoY ▲0.8 %, DOM 55)

Oregon

Portland – $1,975 avg (MoM ▼1.8 %, YoY ▼3.8 %, DOM 55)

Pennsylvania

Philadelphia – $1,925 avg (MoM ▲0.0 %, YoY ▼1.5 %, DOM 52)
Pittsburgh – $1,925 avg (MoM ▲0.0 %, YoY ▲0.8 %, DOM 52)

Rhode Island

Providence – $2,100 avg (MoM ▲0.0 %, YoY ▲1.0 %, DOM 53)

South Carolina

Charleston – $1,895 avg (MoM ▲0.0 %, YoY ▲1.0 %, DOM 59)

South Dakota

All – $1,200 avg (MoM ▲0.0 %, YoY ▲2.6 %, DOM 42)

Tennessee

Memphis – $1,800 avg (MoM ▲0.0 %, YoY ▲2.9 %, DOM 48)
Nashville – $1,800 avg (MoM ▲0.0 %, YoY ▲2.9 %, DOM 48)

Texas

Austin – $1,950 avg (MoM ▼1.5 %, YoY ▼12.6 %, DOM 51)
Dallas–Fort Worth – $2,000 avg (MoM –0.0 %, YoY ▼2.0 %, DOM 50)
Houston – $1,900 avg (MoM –0.0 %, YoY ▼1.8 %, DOM 52)
San Antonio – $1,900 avg (MoM –0.0 %, YoY ▼4.5 %, DOM 51)

Utah

Salt Lake City – $1,900 avg (MoM ▼1.0 %, YoY ▼5.0 %, DOM 41)

Vermont

All – $1,900 avg (MoM ▼2.0 %, YoY ▼9.1 %, DOM 60)

Virginia

Richmond – $2,025 avg (MoM ▲2.5 %, YoY ▲1.0 %, DOM 51)
Virginia Beach – $2,025 avg (MoM ▲0.0 %, YoY ▲1.0 %, DOM 51)

Washington

Seattle – $2,200 avg (MoM ▼0.9 %, YoY ▼3.2 %, DOM 52)

West Virginia

All – $1,320 avg (MoM ▲0.0 %, YoY ▲10.0 %, DOM 49)

Wisconsin

Milwaukee – $1,525 avg (MoM ▲0.0 %, YoY ▲1.9 %, DOM 47)

Wyoming

Cheyenne – $1,825 avg (MoM ▼4.8 %, YoY ▼14.5 %, DOM 46)

4. Metro‑level highlights

Hot‑hand cities (▲ YoY rent)	Cooling‑off cities (▼ YoY rent)
Cincinnati (+9.6 %)	Cheyenne (−14.5 %)
New Haven (+8.3 %)	Austin (−12.6 %)
West  Virginia  (+10 %)	Phoenix (−6.9 %)
Kansas City (+6.3 %)	Tampa (−6.9 %)
Miami (+2.7 %)	Boise (−5.0 %)

DOM watch: Denver (36 days), Boise (38), and Vegas (38) still move lightning‑fast, whereas Atlanta (71) and New York (60) test landlords’ patience.

5. Why some landlords are still beating the market

The data in the tables shows the what. Here’s the how some owners convert that intel into superior cash‑flow:

Lever	What to do	Income impact
1. Right‑price from day 1	Use AI pricing to benchmark your home against real‑time listings, and gives you recommended price changes. Don't get greedy and scare renters away.	Cuts average DOM substantially; worth up to 1 month of extra rent.
2. Magazine‑quality photos	Use an AI photo grader (or a pro) to help you get honest feedback on your photos. Don't shortcut.	Can cut DOM by ½ month so you get leased earlier.
3. Broadest tenant reach	Make sure you have syndication to 30+ top sites (including Zillow, Redfin, Apartments.com); and our system helps you broaden your renter pool.	Keeps vacancy below the national average in this data (≈4.5 %).

Bottom line: In a world where rents are flat and lease‑up times are creeping up, shaving 2 to 4 weeks off marketing time and squeezing an extra 5‑8 % in rent is the difference between positive and negative cash‑flow. Make sure you make the right moves.

6. What to watch next

Pipeline pressure in the West – According to some sources another 75 k units will deliver in CA/AZ/WA before December; softness may deepen.
Election‑year interest rates – Any Fed pivot that revives purchase demand could pull “accidental landlords” out of the rental pool, tilting supply.
Insurance shock along the Gulf – Rising premiums are starting to show up in higher asking rents for coastal FL, LA and TX metros; expect diverging sub‑market performance.

7. Key takeaways for landlords

Renting is a hyper‑local game; statewide and even metro-wide averages hide 10–15 % swings between adjacent ZIP Codes.
Speed wins. Even at flat rents, every vacant week costs 2 % of annual revenue. Proper pricing + photo + syndication flywheel is the cheapest insurance against that drag.

Data source: July 2025 rental snapshot provided by Zillow data; MoM compares to June 2025, YoY compares to July 2024 median rents.

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Patrick Rollo

Nashville, TN

Patrick Rollo

Nashville, TN

Replied July 16, 2025 15:06

Quote from@Matt Thelen:

Quote from @Andreas Mueller:

Just a spot check, your data source may be off.

Example: Nashville is not even close to 48 DOM. It's 29.

This is real time direct from the MLS.

I would reach out to your source, hope this is helpful.

Thanks for the data point @Andreas Mueller! MLS will be different from the data source I used, Zillow, for at least a few reasons so I would expect them to differ.
*Zillow has much more data of course
*MLS listings are probably a little different from the rest of the market. I assume MLS listings might skew nicer and more expensive but let me know if you think that's off
*I filter by homes, but the MLS would have townhomes and condos too.

Here's the direct Zillow link for homes in Nashville. Zillow has 46 DOM and 1,250 active house listings right now. How many houses does the local MLS have listed right now out of curiosity? I'll guess it's 10%-20% of the 1,250 but I could be wrong! https://www.zillow.com/rental-manager/market-trends/nashvill...

Hi all, the discrepancy is likely due to a differing definition of the boundary of "Nashville." The larger area of Middle TN that encapsulates Nashville (Davidson Country) has a DOM of 47 (direct from Greater Nashville Realtors which also includes Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson counties) while the zip codes specific to Nashville have a DOM of 29 (according to the MLS, Realtracs).

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​​July 2025 Rental Market Deep‑Dive - Price changes, Days on Market, etc.