May 5, 2008

How fast does rent go up over time?

From the Census bureau Historical Census of Housing Tables the median rents over the last 7 decades were as follows:

Median gross rents :

1940 $27
1950 $42
1960 $71
1970 $108
1980 $243
1990 $447
2000 $602

Therefore from 1940 to 2000 rent increased at an annual rate of 5.31%.

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