I last reviewed rental comp prices for our properties 6 month ago in Rental Comp Data for August 2013
Here are the new numbers for February 2014 :
| A | B | C | D | E | |
| 3bed | 3bed | 1bed | 1bed | 3bed | |
| house | house | apt | apt | house | |
| 10% | $700 | $700 | $390 | $400 | $950 |
| 20% | $795 | $778 | $425 | $438 | $950 |
| median | $985 | $900 | $485 | $478 | $1,097 |
| 80% | $1,100 | $1,050 | $525 | $533 | $1,225 |
| 90% | $1,195 | $1,150 | $575 | $610 | $1,295 |
| # prop | 22 | 38 | 23 | 50 | 53 |
| dist | 0.4 | 0.8 | 0.6 | 1.5 | 0.4 |
And the trends:
| A | B | C | D | E | |
| Nov-11 | $895 | $875 | $495 | $495 | $1,095 |
| Jan-13 | $900 | $995 | $510 | $460 | |
| Aug-13 | $905 | $925 | $500 | $480 | $1,095 |
| Feb-14 | $985 | $900 | $485 | $478 | $1,097 |
| 6 month change | 8.8% | -2.7% | -3.0% | -0.4% | 0.2% |
(note that Rentometer changed methodologies between January 2013 and August 2013 )
Unfortunately it looks like the rents are trending downward in most locations. B,C & D are all negative. E is pretty flat. The one house 'A' is up 8.8% which is a pretty hefty increase and thats actually pretty good for us since its quite possible that one will be vacant before too long since we've had problems with that renter not paying rent in a timely manner.
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