Maybe this is not the best time to bring this up because either the rent is late or the debit has just cleared the bank.
But here goes: The median one-bedroom rent has hit another all-time high in Zumper’s National Rent Index. Locally, Plano was the nation’s 35th most-expensive rental market last month with the cost of a two-bedroom up 18.5 percent since this time a year ago.
Plano did experience a rental drop to $1,450 for a one-bedroom, down 5.8 percent from a month ago but up 11.5 percent from a year ago. A 2BR is up 18.5 percent over last year.
It’s much tougher in New York as people relocate in greater numbers than in pre-pandemic times, Zumper pointed out. Median 1BR rent is up 39.9 percent year-over-year and a 2BR is up 46.7 percent.
Across the East River, in Brooklyn, it’s worse: 2BRs are up 61 percent.
Dallas ranked 37th, Irving 40th, Fort Worth tied for 63rd, and Arlington 71st. Fort Worth’s year-over-year rent for a 1BR was up 14.4 percent and a 2BR was up 18.1 percent.
On the flip side, Fresno’s 1BR median ($1,540) is 40 percent higher than the same last year — the largest increase in the nation.
Zumper’s report analyzes data from more than a million active listings nationwide. Listings are then aggregated on a monthly basis to calculate median asking rents for the top 100 most populous cities.
What is Zumper: San Francisco-based Zumper is a free online and mobile rental search marketplace.
Report review: Zumper covers a lot of ground with its easy-to-read charts. If the charts were only dynamic and sortable. It’s a three-star rabbit hole. 🐇 🐇 🐇
