August 25, 2013

Rental Comp Data for August 2013

Its been over half a year since I reviewed the rental price comparisons for our rentals.   Last time was at the start of the year : Rental Comp Data for January 2013

Here is the data from Rentometer.com   for our properties.



A B C D E

3bed 3bed 1bed 1bed 3bed

house house apt apt house
10% $700 $770 $400 $400 $950
20% $795 $799 $425 $435 $963
median $905 $925 $500 $480 $1,095
80% $1,100 $1,100 $535 $600 $1,238
90% $1,195 $1,150 $625 $625 $1,295
 # prop                31               38               27               29               53
 dist              0.5             0.8             0.6             1.3             0.4

Note that these are in different locations.

Generally the rents are up :



A B C D E
Nov-11 $895 $875 $495 $495 $1,095
Aug-13 $905 $925 $500 $480 $1,095
change 1.1% 5.7% 1.0% -3.0% 0%

Thats pretty healthy trend.   The 'B' property is in an area that has been hit hard with foreclosures and has rebounded lately some.  So its nice to see it up.   However back in 2011 the median rent there was $995, so its still not where it was.   


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