As part of the December Zillow Real Estate Market Report, the real estate database company introduced their Zillow Rent Forecast, a tool to help measure median rent in a given locale over the coming year.
Currently the forecast shows the top 50 largest U.S. metro markets and their annual forecasted change in median rent by December 2016. Leading the way with the highest projected rises are San Jose, Calif., Buffalo N.Y., and San Francisco, Calif. with forecasts of 7.8 percent, 7.4 percent, and 5.9 percent respectively.
On the other end of the spectrum, Indianapolis, Ind., Oklahoma City, Okla., and Milwaukee, Wis., have the most significant projected drops with corresponding numbers of -3.6 percent, -1.8 percent, and -1.4 percent.
