{"id":3367,"date":"2017-04-13T00:00:00","date_gmt":"2017-04-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/10-markets-where-rents-are-cooling-the-most\/"},"modified":"2017-04-13T00:00:00","modified_gmt":"2017-04-13T00:00:00","slug":"10-markets-where-rents-are-cooling-the-most","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/10-markets-where-rents-are-cooling-the-most\/","title":{"rendered":"10 Markets Where Rents Are Cooling the Most"},"content":{"rendered":"

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Some of the hottest rental markets in the country may have finally hit their peak. For example, markets like San Francisco and Manhattan are posting some of the highest year-over-year drops in average rents by 4.3 percent and 2.2 percent, respectively.<\/p>\n

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Read more: Renters Are Starting to Feel Richer, But… <\/span><\/p>\n<\/blockquote>\n

Nationally, rents are remaining stable. The average apartment rent is $1,312, according to data from Yardi Matrix. Rents across the country are rising, but only slightly now\u2014by just $6 from February to March. It\u2019s the slowest annual rent growth rate seen in three consecutive years and just half the year-over-year growth seen a year ago, where rents increased 5.7 percent over the year, Rent Caf\u00e9 reports. \u00a0<\/p>\n

But some markets are seeing slight declines in rents. The following 10 markets have seen the largest year-over-year drops in rents, according to Rent Caf\u00e9:<\/p>\n

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  1. San Francisco: \u20134.3% (year-over-year change); $3,330 (average rent)<\/li>\n
  2. Odessa, Texas: \u20134.2%; $902<\/li>\n
  3. Broken Arrow, Okla.: \u20133.9%; $781<\/li>\n
  4. Corpus Christi, Texas: \u20132.9%; $945<\/li>\n
  5. Oklahoma City, Okla.: \u20132.6%; $716<\/li>\n
  6. Manhattan (New York City): \u20132.2%; $4,094<\/li>\n
  7. Fremont, Calif.: \u20132.2%; $2,270<\/li>\n
  8. Cambridge, Mass.: \u20131.8%; $2,949<\/li>\n
  9. Midland, Texas: \u20131.8%; $1,058<\/li>\n
  10. Tulsa, Okla.: \u20131.8%; $669<\/li>\n<\/ol>\n

    Source: \u201cApartment Rents Still on a Roll in Most Cities Though Some Hot Markets See Important Declines in March,\u201d Rent Caf\u00e9 Blog (April 4, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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    Some of the hottest rental markets in the country may have finally hit their peak. For … 10 Markets Where Rents Are Cooling the Most<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3368,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[41,818,678,15282],"class_list":["post-3367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-property","tag-real","tag-rental","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/qTPozC5fypY","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2967,"url":"https:\/\/amazingproperty.com.ng\/blog\/have-rents-finally-hit-the-peak\/","url_meta":{"origin":3367,"position":0},"title":"Have Rents Finally Hit the Peak?","author":"Amazing Property","date":"April 4, 2017","format":false,"excerpt":"The pace of rising rents is slowing in many of the priciest markets and is now spreading to other parts of the country. 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