I last did rental comps in May 2015.
It seems rents haven't changed much at all for our properties in the past 3 months.
Unless rentometer is broken or something.
| A | B | C | D | E | |
| 3bed | 3bed | 1bed | 1bed | 3bed | |
| house | house | apt | apt | house | |
| 10% | $766 | $731 | $374 | $403 | $1,014 |
| 20% | $865 | $812 | $411 | $444 | $1,099 |
| median | $1,000 | $975 | $490 | $540 | $1,225 |
| 80% | $1,245 | $1,117 | $555 | $600 | $1,424 |
| 90% | $1,345 | $1,197 | $592 | $641 | $1,509 |
| # prop | 34 | 35 | 34 | 35 | 35 |
| dist | 0.5 | 1.1 | 0.9 | 1.8 | 0.4 |
And the changes over time:
| 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 |
| Aug-14 | $950 | $1,025 | $485 | $565 | $1,195 |
| May-15 | $995 | $975 | $490 | $540 | $1,225 |
| Aug-15 | $1,000 | $975 | $490 | $540 | $1,225 |
| YOY | 5.3% | -4.9% | 1.0% | -4.4% | 2.5% |
This time I just figured the year over year (YOY) difference between August 2014 and August 2015.
I'm starting to trust the usefulness of the Rentometer data less and less. I did a quick search in Craigslist for 3 bedroom houses in the area for property E and I couldn't find anything at all comparable under $1400. Hard to believe the median is just $1225 like Rentometer says. I assume this is because Rentometer doesn't differentiate between houses and apartments. But even if I broaden the search to all 3 bedrooms including apartments, condos, etc then I still dont' see properties under $1200 level. The rent Zestimate from Zillow is over $1500 for the E house which seems a lot more in line with what I'm seeing in the active market on Craigslist.
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