A new forecast says that rents across the nation are slated to appreciate 1.7 percent over the next year, but that rate will vary city-to-city, and even within the same metro.
The Zillow Rent Forecast covers the 35 largest metro markets. Rents are expected to rise more than five percent in Seattle, Portland, Denver, and Cincinnati by August 2017. San Jose and San Francisco have the most expensive rents, with monthly averages of $3,517 and $3,406.
The local rental market from town-to-town can often differ widely from the overall metro dynamics. In Seattle, for example, rental growth over the next year is expected to rise as quickly as 18.4 and 13.6 percent in the highly desirable communities of Shoreline and Medina. Median rents in the smaller, slower-moving communities of Dupont and Lakebay are expected to grow by just 0.4 percent and 1.9 percent through next August.