Mortgage And Real Estate News

Wednesday, March 4, 2015

Phoenix rents rise 5.6 percent in year, top U.S. average

Phoenix-area apartments and rental homes remain affordable compared to those in other big U.S. cities, but rate increases here are starting to rise faster than the national average.

Median rents in the Phoenix metro area climbed 5.6 percent over the 12 months through January, according to the Zillow Rent Index. That was higher than the 3.3-percent average hike in the 35 larger cities studied.

Read more...  http://www.azcentral.com/story/money/business/2015/02/23/phoenix-rents-rise-percent-year-top-us-average/23883603/

Reuters: Business News

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