A recent Stessa report found what many Seattle-area residents already know: rent is pricier in the Emerald City than just about any other metro.
The report from Stessa — a finance tool that helps real estate investors “maximize their profits” with rental properties — ranked the Seattle-Tacoma-Bellevue area sixth among the nation’s large metros.
The most expensive area? San Jose-Sunnyvale-Santa Clara, California.
Followed by:
- San Francisco-Oakland-Berkeley
- Boston-Cambridge-Newton
- Los Angeles-Long Beach-Anaheim
- San Diego-Chula Vista-Carlsbad
According to the report, the median rent estimate in the greater Seattle area is $2,080. The median in the costly San Jose-Sunnyvale-Santa Clara South Bay Area is $3,186.
The report also shows the median prices in the Seattle-Tacoma-Bellevue market for a studio ($1,603), one bedroom ($1,682), two-bedroom ($2,005), three-bedroom ($2,762) and four-bedroom ($3,261).
