What a time to be alive!
Due to all of the chat about how unafforadable major American cities have become, PropertyClub created a study to see which cities recorded the highest jumps in rent over the past decade. By using rent data from Zillow and Census population numbers, PropertyClub took the 100 most populous U.S. cities and ranked them according to the percentage change in median rents from 2010 to 2019.
And how did Seattle stack up? Spoiler alert...not great.
Seattle recorded a 45 percent growth and went from boasting a median rent of $1,375 in 2010 to $1,998 in 2019 making it the city with the 6th highest jump in rent prices in the past 10 years.
Here's some other highlights from the study:
- Aurora, Colorado and Boise, Idaho saw the highest jump in rents from 2010 to 2020
- San Jose rents climb $1,083 from 2010 to 2020, the biggest net gain in the country
- Western cities were the fastest growing during the 10 years
What do you think? Learn more on PropertyClub's website.