Zillow rent index 2024 The average home value in 10019, NY is $1,170,120, down 4. The price range for all bedrooms and all property types is $750 to $200,000. The average home value in 90044, CA is $636,000, up 4. That changed in April, the first full monthly reading since the coronavirus pandemic struck the U. 9% from a year ago, but still the slowest annual growth pace recorded since December 2017. 2% over the past year and goes to pending in around 33 days. Indio, CA Housing Market $517,979 1. Learn more about the Dalton housing market and real estate trends. McHenry, IL Housing Market $288,136 6. 3% over the past year and goes to pending in around 29 days. The price range for all bedrooms and all property types is $458 to $40,000. 4% increase year over year). , and where it’s headed DIGITAL TOOLS AND USER EXPERIENCE August Zillow observed median rent change: Year-over-year increase in August median asking rent: The New Tenant Rent Index is a research series that uses rent data from the housing survey used in the Consumer Price Index (CPI). Monthly, Smoothed Seasonally Adjusted Jan 2000 to Oct 2024 (Nov 21) Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos US Single-Family Rent Index – September 2024 U. It tells us the typical home value in a given geography (metro area, city, ZIP code, etc. Private rent prices stayed similar in the year to October 2024, at £1,193. The average home value in Dalton, GA is $230,641, up 6. That’s 4% below the revised June rate and 7% lower than a year ago. Market Reports Home Sales Poised to Increase Next Year, If Rates The rental landscape is experiencing subtle yet significant shifts. monthly rent was $1,594 in April, according to the newly released Zillow Observed Rent Index (ZORI) — up 2. holds real estate brokerage licenses in multiple states. Average Zillow, Inc. Average UK private rents increased by 8. Rent frequencies; Rent price Number of rental properties; The median rent price in Berkeley, CA for November 2024 is $2,600. The average home value in Davie, FL is $535,664, up 4. The average State College, PA home value is $388,591, up 1. Renters Need to Make $80,000 to Comfortably Afford the Typical U. Learn more about the 10019 housing market and real estate trends. 1% over the past year and goes to pending in around 27 days. Issaquah, WA Housing Market $1,116,394 6. 3%) of listings on Zillow offered a concession, which is a short-term rental incentive like weeks of free rent or free parking. 2% over the past year. Rents fell 0. Elisa Sheng • Dec 29 2015 Source: Zillow Rentals Data. 4% over the past year and goes to pending in around 16 days. Learn more about the 77084 housing market and real estate trends. Collier County, FL Housing Market $593,326 2. Learn more about the 85224 housing market and real estate trends. as competition over homes eased in October. Wesley Chapel, FL Housing Market $423,976 1. Observed Rent Index – Phoenix Market rent growth, including the Zillow Observed Rent Index (ZORI), has already leveled out and normalized. Chatham, MA Housing Market $1,198,910 3. The seasonally adjusted S&P CoreLogic Case-Shiller U. 2% over the past year and goes to pending in around 11 days. The pre-pandemic average month-over-month change for this time of year is 0. Rent frequencies; Rent price Number of rental properties; $0: 1: The median rent price in Dallas, TX for December 2024 is $2,021. ZORF provides forecasts for the Zillow Observed Rent Index (ZORI), which measures The typical U. The average home value in Snoqualmie, WA is $1,070,535, up 7. 7% in the 12 months to May 2024 (provisional estimate). The average home value in SoHo New York, NY is $2,817,329, down 7. 7% over the past year and goes to pending in around 66 days. This pace is The Zillow Rent Index (YoY) and the New Tenant Rent Index (YoY), which specifically investigates rent levels for new tenants, usually lead the CPI for rent (YoY) by about 6 to 12 Beginning in November 2024, Zillow has released the Zillow Observed Rent Forecast (ZORF). UK private rent and house prices. The typical rent across the U. Timeframe: Zillow’s latest dataset has 7 years of rental indices for the United States, but it does not include the full history. Learn more about the 98034 housing market and real estate trends. Asking rents climbed by $12, or 0. The average Indio, CA home value is $517,979, up 1. Zillow’s outlook for national home values in 2024 was revised slightly upward this month, as early signs of optimism regarding the path of mortgage rates outweighed expectations for a less constrictive housing market. 3 Pitting the monthly mortgage payment for a typical home, priced at the Zillow Home Value Index, using a 20% down payment, and weekly mortgage rate averages against the Zillow Observed Rent Index. 3% year-over-year in April, down from 6. in earnest Building permits issued in July fell to 1,396,000 (SAAR). Learn more about the 33144 housing market and real estate trends. 29, 2024. holds real estate brokerage licenses in multiple provinces. Census Bureau. Learn more about the Miami housing market and real estate trends. Rents were growing 3. 4% in the 12 months to September 2024. Graph and download economic data for Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in the United States of America (USAUCSFRCONDOSMSAMID) from Jan 2000 to Oct 2024 about 1-unit structures, family, residential, housing, indexes, and USA. 4% year-over-year in March, and that 50 basis 7018 Quinn Court SE, Tumwater, WA 98501 is pending. 5% over the past year and goes to pending in around 24 days. The average home value in Newark, CA is $1,285,734, up 10. rent was $1,983 in November, according to Zillow’s Observed Rent Index, up 3. Huntington Beach, CA Housing Market $1,296,691 6. The city saw a 6. Maui County, HI Housing Market $1,049,866 4. Learn more about the Tarrant County housing market and real estate trends. Learn more about the Campbell housing market and real estate trends. rents continued to grow at a steady pace in July, posting a year-over-year gain of 2. The average home value in 10014, NY is $1,688,518, down 4. Saint Clair County, IL Housing Market $163,837 1. 4 percent increase, which accounts for its change from around $1,680. The average Charlotte County, FL home value is $337,804, down 6. The average home value in 10027, NY is $763,329, down 4. While sellers continued to return, buyers seemed to be more cautious, perhaps finally unable or unwilling to move forward at current pricing and mortgage rates that then still Baton Rouge, LA Housing Market $218,566 1. 3% year-over-year growth rate in December, and The average home value in 98034, WA is $1,043,114, up 10. The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental stock in ways that other measures of rental prices cannot. The price range for all bedrooms and all property types is $1,000 to $139,000. The average Marco Island, FL home value is $891,740, down 3. The average home value in Hendersonville, NC is $412,706, up 4. 6%, from May to June, according to the latest edition of the Zillow Observed Rent Index (ZORI). The average home value in San Rafael, CA is $1,324,418, up 0. When raising rent, make sure the amount is competitive yet reasonable compared to similar rentals in your local market. On a year on year basis United States's Zillow rent index increased by 3. The average home value in 92026, CA is $824,242, up 4. Houses in West Chester, PA rent between $825 - $4,500 with a median rent of $2,200. ZORI is a very useful metric designed to capture the rented housing stock, not the full stock, to make it comparable to ZHVI. 3% over the past year and goes to pending in around 26 days. Learn more about the San Rafael housing market and real estate trends. 3. The average Skagit County, WA home value is $569,402, up 4. Marco Island, FL Housing Market $891,740 3. 5% over the past year. The price range for all bedrooms and all property types is $495 to $145,000. Zillow’s latest forecast outlines slowly declining mortgage rates in 2025, setting the stage for modest growth in both sales and home price appreciation. § 442-H New York Standard Operating Procedures § New York Fair Housing Notice TREC: Information about brokerage services, Consumer protection notice California Salisbury, MD Housing Market $254,917 4. Note: The Zillow Rent Index was first introduced in 2012, and this post details the original method for its calculation. The average home value in Hilton Head Island, SC is $765,077, up 4. Learn more about the Snoqualmie housing market and real estate trends. Coral Gables, FL Housing Market $1,503,411 10. Learn more about the 10027 housing market and real estate trends. Learn more about the 32226 housing market and real estate trends. 90 on Feb. Learn more about the Hilton Head Island housing market and real estate trends. The price range for all bedrooms and all property types is $737 to $6,000. 9% 1-yr. Charlotte County, FL Housing Market $337,804 6. 3% 1-yr. Mortgage rates that bounced up again from September lows and climbed back toward 7% in October are a major reason why competition among buyers is falling, along with The average home value in Middlesex County, MA is $781,784, up 6. Erratic and dramatic mortgage rate movements that heavily influenced the housing market in 2024 are destined to play a major role once again in the coming year. Our annual Consumer Housing Trends Report gives landlords, property managers and marketing managers a look at the year’s biggest findings around renter budgets, costs, affordability, home and neighborhood preferences, and decision-making. ZIP codes were classified as urban, Source: Zillow Rentals Data. Learn more about the 20020 housing market and real estate trends. ’’ Apparently, rental demand The ZRI is a "smoothed, seasonally adjusted measure of the median estimated market rate rent across a given region and housing type. Typical asking rents are now 3. 1% over the past year and goes to pending in around 16 days. The average McHenry, IL home value is $288,136, up 6. 1% over the past year and goes to pending in around 14 days. A surprisingly stronger than expected price uptick in January, combined with revisions due to seasonal adjustments last week from the Bureau of Labor Statistics that revealed inflation hadn’t slowed as much in Q4 as previously reported, shows that inflationary pressures remain StreetEasy experts predict a strong year for Manhattan demand in 2024, and Zillow foresees more markets following suit, Renters are defined as being a head of household in a household that rents their primary residence. In August, more than a third (34. Report 2024 FOREWORD & KEY FINDINGS The rental market in the U. 6% home value growth in 2025, a relatively slow pace that is similar to this year’s growth. 2% month over month, a slight improvement from Zillow forecasts 2. How much has the rent in West Chester, PA increased/decreased in the last month? Washington, DC Housing Market $602,769 2. The average Collierville, TN home value is $506,332, up 1. Use Zillow Rental Manager to compare rent across locations and see current and historical rental market data compiled by the leading real estate marketplace. The average Winchester, VA home value is $375,261, up 3. Learn more about the 85029 housing market and real estate trends. The average home value in Tustin, CA is $1,134,496, up 12. 0% 1-yr. Learn more about the 02124 housing market and real estate trends. Learn more about the 85204 housing market and real estate trends. In November, the typical rent across the United States stood at $1,982 according to the Zillow Observed Rent Index (ZORI), reflecting a slight decrease of 0. 1% 1-yr. Learn more about the Salina housing market and real estate trends. Zillow’s market heat index shows competition nationwide 2024 rents continue to outpace their year-on-year averages, with September prices up by 5%. Learn more about the 33414 housing market and real estate trends. Rent frequencies; Rent price Number of rental properties; $0: 1933: The median rent price in US for December 2024 is $2,000. Learn more about the Crystal Lake housing market and real estate trends. The strongest buyer’s markets in the country are Annual price growth also slowed in both the 10-city index and the 20-city index. § 442-H New York Standard Operating Procedures § New York Fair Housing As 2024 approaches, Zillow recently surveyed over 21,000 renters to learn more about the market. Zillow has 28 photos of this 4 beds, 3 baths, 2,143 Square Feet single family home with a list price of $589,995. This is $34 more than December 2023. Learn more about the Boston housing market and real estate trends. Rental (April 2024 Rental Market Report) Featured How the Housing Market is Changing in Cities Gaining the Most New Neighbors The steady cooldown of market asking rents measured by the Zillow Observed Rent Index stands in contrast to the apparent acceleration of the annual growth of the Consumer Price Index for Rent of Primary Residence. The average home value in Upper West Side New York, NY is $1,252,460, down 2. Zillow Observed Rent Index (ZORI): Rental-market propensity weighted average rental Zestimate. Skagit County, WA Housing Market $569,402 4. In August 2019, the methodology was updated to better reflect the actual rental stock of homes and more accurately capture small market movements. Rent frequencies; Rent price Number of rental properties; The median rent price in Miami, FL for December 2024 is $3,000. 9% year over year in July. Hartford had the fourth-largest percentage increase in asking rent prices year-over-year out of any metro area listed on the Zillow Observed Rent Index, according to Zillow's February 2024 housing report. 3% in October from a year prior. 7% 1-yr. Since the beginning of the Zillow Research aims to be the most open, authoritative source for timely and accurate housing data and unbiased insight. Learn more about the 85054 housing market and real estate trends. The average Coral Gables, FL home value is $1,503,411, up 10. This paper examines the usefulness of the Zillow Observed Rent Index (ZORI) in predicting CPI rent inflation. The average home value in Salina, KS is $168,096, up 1. Learn more about the 98052 housing market and real estate trends. 2% from the previous month. . The average Medford, MA home value is $794,422, up 5. Lompoc, CA Housing Market $565,018 6. 36 in the previous month. 1% over the past year. Renton, WA Housing Market $737,413 5. The strongest seller’s markets in the country are Buffalo, Hartford, San Jose, Boston, and New York. The returns on housing Last call for rent concessions. Zillow has 1 photo of this $312,500 1. 3% change year over year). Abstract. rents grew 9. The average home value in 07039, NJ is $960,195, up 11. 6% 1-yr. The average Elk Grove, CA home value is $643,005, up 3. This movement, or lack thereof, aligns closely with the pre-pandemic norms for this time of year, which traditionally saw little to no change month-over-month The steady cooldown of market asking rents measured by the Zillow Observed Rent Index stands in contrast to the apparent acceleration of the annual growth of the Consumer Price Index for Rent of Primary Residence. With mortgage rates on the rise, albeit a slow rise, affordability has the potential to become a serious problem in some areas of the nation, especially if incomes don’t rise appropriately. 6% higher than one year ago, continuing a steady, 17-month-long slowdown in the annual growth rate since hitting a record-high 16. The average home value in Somerville, MA is $917,901, up 3. The Zillow Rent Index estimates median rent for a geographical region on a monthly basis. How has the rent in West Chester, PA changed in the last year? The median rent price in West Chester, PA for September 2024 is $2,200. Collierville, TN Housing Market $506,332 1. Learn more about the Saugus housing market and real estate trends. Learn more about the North Miami housing market and real estate trends. For estate agents; For housebuilders; Why Zoopla House Price Index Report - The newest Zillow Rental Market Report is out, and it’s showing ‘‘a softening of the rental market beyond regular seasonality. This was down from 8. 2% month over month, a slight improvement from the month-over-month The average home value in Great Barrington, MA is $571,879, up 4. Georgetown, DC Housing Market $1,391,298 1. ), now and over time. Mortgage rates surged this week on a hotter than expected consumer price index report. The Zillow Rent Index (ZRI) is a dollar-valued index intended to capture typical market rent for a given segment (IE, multifamily or single-family units) and/or geography (IE for a given ZIP code, city, county, state or metro) by leveraging Rent Zestimates. Therefore, we will use data from rentals spanning between September 2010 and January 2020. 2% year-over-year in July, according to the Zillow Observed Rent Index (ZORI) — the fastest recorded by Zillow records in data that reaches back through 2015 — to $1,843/month. The average Issaquah, WA home value is $1,116,394, up 6. Learn more about the Brunswick County housing market and real estate trends. The average Baton Rouge, LA home value is $218,566, up 1. 2 The Zillow market heat index aims to capture the balance of for-sale demand and supply in a given market, or in this case, on a national scale. " The data presented here are the annual averages of Home buyers are gaining leverage in negotiations across the U. According to Zillow Observed Rent Index data at the ZIP code level. This new index allows us to compare the rental performance between different areas, down to the ZIP code level (click here for details on the ZRI methodology). Population: process and model will be used to predict Zillow home/rent values for multi-family homes in the United States. The average home value in 32226, FL is $384,038, down 0. Multifamily: $1,624 (-0. Learn more about the West Columbia housing market and real estate trends. Learn more about the Livingston housing market and real estate trends. The average home value in 20020, DC is $399,058, down 1. The average Anne Arundel County, MD home value is $484,684, up 3. Elk Grove, CA Housing Market $643,005 3. Three Years on the Edge: US Rental Affordability Holds Stable at 30% (September 2024 Rental Market Report) Skylar Olsen • Oct 15 2024 Market Reports , News The average home value in Brunswick County, NC is $423,801, up 2. The price range for all bedrooms and all property types is $600 to $42,750. 5%, from June to July, according to the latest edition of the Zillow Observed Rent Index (ZORI). The price range for all bedrooms and all property types is $499 to $29,000. Learn more about the 07039 housing market and real estate trends. In the 12 months to January 2024, "Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became. This is $100 less than November 2023. The average South Gate, CA home value is $665,242, up 4. The average home value in Dilworth Charlotte, NC is $756,329, up 6. The average Lompoc, CA home value is $565,018, up 6. This is $275 less than December 2023. 0%. 4% from a year ago. This is The average home value in 10027, NY is $763,329, down 4. The 12-month increase in the Owner’s Equivalent Rent of Primary Residence fell to 6. § 442-H New York Standard Operating Procedures § New York Fair Housing Notice TREC: Information about brokerage services, Consumer protection notice California DRE #1522444Contact Zillow, Inc. Learn more about the Cary housing market and real estate trends. The price range for all bedrooms and all property types is $795 to $24,450. The top market for sellers is Buffalo, New York, forecast by Zillow in January as the hottest market of 2024. 9% over the past year and goes to pending in around 18 days. Learn more about the 07304 housing market and real estate trends. The price range for all bedrooms and all property types is $795 to $11,500. The average home value in Bothell, WA is $1,052,787, up 9. 9% in October from its peak at 8. This is $5 more than December 2023. 1% in Source: Zillow Rentals Data. Asking rents, measured by Zillow’s Housing Market Predictions for 2025; Buyers Markets Spread From the South as Inventory Recovers (October 2024 Market Report) Affordable Listings Reached a 19 Zillow’s outlook for rent growth was upwardly revised from last month, but still calls for rent appreciation to slow from its current pace. ZORI is a repeat-rent index that is weighted to the rental housing stock The typical U. 8% 1-yr. Among the top ranks for sellers are more expensive (and inventory constrained) coastal tech hubs, relatively The average home value in 20020, DC is $399,058, down 1. The average Renton, WA home value is $737,413, up 5. The average Pontiac, MI home value is $126,070, up 8. 5% over the past year and goes to pending in around 13 days. This is the highest share of concessions offered since March 2021. 0% over the past year and goes to pending in around 48 days. According to the Zillow Group Consumer Housing Trends Report 2018, when renters experienced a rent hike, the typical increase in monthly rent was $125 for those who moved in the past year and $50 for those Asking rents fell 0. That is up 3. The average Maui County, HI home value is $1,049,866, up 4. 2% over the past year and goes to pending in around 18 days. Single-family rents increased by 4. The average home value in 33144, FL is $618,016, up 11. The average Saint Clair County, IL home value is $163,837, up 1. Asking rents climbed by $10, or 0. The average Huntington Beach, CA home value is $1,296,691, up 6. rent is now only a whisker away from $2,000, at $1,997, according to the Zillow Observed Rent Index. 1% higher than one year ago, continuing a steady slowdown in the annual growth rate since hitting a record-high 16. The average home value in Saugus, MA is $670,443, up 6. This is $0 more than December 2023. The average home value in Bend-Redmond is $682,319, up 3. The average home value in 34652, FL is $228,042, down 3. 1%) in England, £727 (9. 5% 1-yr. Rent growth measured in the CPI – which lags that of market rents by a year or more – is easing up as well. Rent frequencies; Rent price Number of rental properties; The median rent price in Oakland, CA for December 2024 is $2,300. Asking rents climbed by 0. Learn more about the Middlesex County housing market and real estate trends. Rent frequencies; Rent price Number of rental properties; $0: 1: The median rent price in Saint Louis, MO December 2024 is The average home value in Livingston, NJ is $973,131, up 12. 64% of recent renters considered buying when they were looking for a home to rent, especially Gen Z and millennial renters. To comfortably afford a rental at that price — meaning spending no more than 30% of their income — a renter United States Housing Market $357,469 2. That brings the typical asking rent nationwide to $2,054, or 4. 2% month over month, a slight improvement from Asking rents are $2,036 in May, according to the Zillow Observed Rent Index, up 0. The average home value in Miami, FL is $587,252, up 8. 6% over the past year and goes to pending in around 13 days. The average Franklin, TN home value is $876,282, up 3. The average San Antonio-New Braunfels home value is $280,603, down 2. What happened: Following the dynamics in Zillow’s Home Value Index released earlier this month, the annual appreciation continued to slow into August according to the S&P CoreLogic Case-Shiller Index. The average Georgetown, DC home value is $1,391,298, up 1. Learn more about the Houston housing market and real estate trends. This is $200 less than December 2023. The average Salisbury, MD home value is $254,917, up 4. Learn more about the Athens housing market and real estate trends. 5%) in Scotland. Rent frequencies; Rent price Number of rental properties; The median rent price in Silver Spring, MD October 2024 is The average home value in 85054, AZ is $639,849, up 0. Learn more about the Alpharetta housing market and real estate trends. 2% in February 2022. Athens, GA Housing Market $321,365 4. Rent growth has held steady at a reasonable pace, and the share of rental listings on Zillow offering a concession — such as free weeks of rent or free parking — is at a record high The average home value in Alpharetta, GA is $707,393, up 6. Learn more about the 92026 housing market and real estate trends. The average home value in 33414, FL is $648,866, up 4. The Salem, MA Housing Market $585,592 5. Learn more about the Irmo housing market and real estate trends. The average Chatham, MA home value is $1,198,910, up 3. S. 3% year-over-year growth rate in December, and The rent index and the owners’ equivalent rent index each rose 0. The average Longmont, CO home value is $560,204, up 0. Medford, MA Housing Market $794,422 5. The average home value in 77084, TX is $271,139, up 0. Price Range. But, monthly appreciation stabilized with the break in One of Zillow’s most cited metrics is ZHVI, the Zillow Home Value Index. Annapolis, MD Housing Market $596,807 4. 4% over the past year. 9% over the past year and goes to pending in around 24 days. Learn more about the 10024 housing market and real estate trends. Apartment renters enjoyed a relatively friendly market this year, at least compared to the record rent growth seen in 2022. 31 in September 2024 from 3. 7% in the 12 months to October 2024 (provisional estimate); this is up from 8. 2% in the 12 months to January 2024, unchanged for the second consecutive month. Featured. 8% increase year over year) Single Family: $2,337 (2. Learn more about the Great Barrington housing market and real estate trends. The average Salem, MA home value is $585,592, up 5. The average Annapolis, MD home value is $596,807, up 4. 9% over the past year. Learn more about the 34997 housing market and real estate trends. Zillow, Inc. Learn more about the Tustin housing market and real estate trends. The average home value in 45424, OH is $209,635, up 6. ZIP codes were classified The average home value in Travis County, TX is $502,290, down 5. Annual private rental prices Both national and London price trends are in line with Rightmove’s end-of-year prediction for advertised rent growth, with advertised rents predicted to be 5% higher by the end of 2024 New analysis from the UK’s biggest property website Rightmove looks at the most prominent trends expected in the rental market during 2024, with advertised rents predicted to be 5% In the 12 months to March 2024, average monthly rents increased to £1,285 (9. Projecting forward historical ZORI values from February 2020 — the last full month before the COVID-19 pandemic hit the U. The average home value in 10024, NY is $1,488,093, down 3. 5% in March. 7% over the past year. 2% in September, to $2,047, according to the latest edition of the Zillow Observed Rent Index (ZORI). The median self-reported sale price has consistently trended lower than the Zillow Home Value Index (ZHVI) – $363,000 in June 2024. Target variable: Home value index (in Franklin, TN Housing Market $876,282 3. The average home value in 02124, MA is $644,898, up 4. That brings the typical asking rent nationwide to $2,062, or 3. The average United States home value is $357,469, up 2. This is $151 more than December 2023. Winchester, VA Housing Market $375,261 3. Learn more about the Davie housing market and real estate trends. ; Single-family housing starts decreased to 851,000 (SAAR) in July, down Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – July 2024 Typical Rent: $1,884 (0. Zillow’s market heat index shows the nation is currently a neutral market. We compute returns on the S&P 500 using the following formula: Return t+1 =(P t+1 +D t+1)/P t where P t is the price of the index in quarter t, and D t are the dividend payments in quarter t. The average home value in 85029, AZ is $376,566, up 5. 7% over the past year and goes to pending in around 17 days. The average home value in 85204, AZ is $403,769, up 4. Although inflation has been easing toward the Federal Reserve’s two percent target, consumer price inflation accelerated in January, erasing any doubts that the first Fed rate cuts will likely have to be postponed. According to the Zillow Observed Rent United States's Zillow rent index closed 3. This is $102 more than December 2023. 7%. The average cost of a new rental in England stood at £1,417 in September, Private rental prices paid by tenants in the UK rose by 6. CPI for Rent of Primary Residence rose 8. ii According to Zillow Observed Rent Index data at the ZIP code level. While ZHVI represents what a buyer could expect on the “open market”, the small share of Affordability remains a hotly debated topic, especially when considering both rent affordability and mortgage affordability. 92 on Feb. The average Castro Valley, CA home value is $1,157,671, up 4. 2% over the past year and goes to pending in around 19 days. Rent frequencies; Rent price Number of rental properties; The median rent price in Redmond, WA for December 2024 is $2,794. 4% over the past year and goes to pending in around 53 days. While ZHVI represents what a buyer could expect on the “open market”, the small share of sellers that sell to people they already know personally–including, like buying from family, friends, or someone a buyer knows personally– State College, PA Housing Market $388,591 1. The average West Covina, CA home value is $829,821, up 5. Rent frequencies; Rent price Number of rental properties; The median rent price in Naples, FL for December 2024 is $6,000. 7% over the past year and goes to pending in around 63 days. 3% over the past year and goes to pending in around 52 days. Zillow’s market heat index shows competition nationwide remains in neutral, balanced territory, but is creeping closer to becoming a buyers market as the shopping season winds down. 3% in April, matching its growth in March. is now $2,054, according to the Zillow Observed Rent Index. 4. 3% from November to December, another large decline following the largest one-month drop in the seven-year history of the Zillow Observed Rent Index. 9% in the 12 months to April Average UK private rents increased by 8. National Home Price Index® increased 0. 2% over the past year and goes to pending in around 73 days. 6% from one year earlier, hotter than its 8. Learn more about the Dilworth housing market and real estate trends. Learn more about the 34652 housing market and real estate trends. 0%) in Wales and £947 (10. This is $500 less than December 2023. Learn more about the Travis County housing market and real estate trends. June 2024 S&P Case-Shiller Price Index: Home Price Growth Continues to Stall Price growth continued to flatten into June, before the more significant mortgage rate relief we’ve seen since. Learn more about the Bothell housing market and real estate trends. 2% 1-yr. The average home value in North Miami, FL is $427,356, up 10. 28, 2023 to around $1,788. 5% from last year, the Zillow Observed Rent Index (ZORI): A smoothed measure of the typical observed market rate rent across a given region. Annual price growth also slowed in both the 10-city index and the 20-city index. 0% over the past year and goes to pending in around 9 days. 72 Acres lot located at 28th Ave SE, Watford City, ND 58854 MLS #4017158. Longmont, CO Housing Market $560,204 0. The strongest buyer’s markets in the country are New South Gate, CA Housing Market $665,242 4. 8%. Learn more about the Somerville housing market and real estate trends. Rent frequencies; Rent price Number of rental properties; $0: 8: The median rent price in Philadelphia, PA December 2024 is $1,600. 0% over the past year and goes to pending in around 35 days. The average home value in Irmo, SC is $274,691, up 2. High-end rents grew considerably from last year and outpaced overall growth slightly, rising 2. Similarly the return to housing is calculated as: Return t+1 =(P t+1 +R t+1)/P t where P t is the median value of homes, R t and is the median rent of homes. Learn more about the 33619 housing market and real estate trends. The price range for all bedrooms and all property types is $375 to $140,000. Annual rent growth accelerated in June. How to raise rent. 8% over the past year and goes to pending in around 34 days. The average Wesley Chapel, FL home value is $423,976, down 1. San Antonio-New Braunfels Housing Market $280,603 2. In 2024, Zillow economists predict home buyers will have more options and a bit more affordability breathing room — but only a bit — after the inventory crunch and mortgage rates rising to 20-year highs were this year’s headline news items. § 442-H New York Standard Operating Rent data for Scottish areas are for 'broad rental market areas'. Using data from February 2015 to October 2023, we demonstrate that while ZORI provides valuable insights into future movements in CPI rent inflation, its effectiveness is limited to periods when there is a significant disparity between The average home value in 98052, WA is $1,319,870, up 9. Learn more about the Bend-Redmond housing market and real estate trends. 8% from the revised June estimate and 16% lower than a year ago, according to the U. More inventory should shake loose in 2025, giving buyers a bit 2. But, monthly appreciation stabilized with the break in West Covina, CA Housing Market $829,821 5. Brokerage The average home value in Athens, GA is $321,365, up 4. The average home value in 85224, AZ is $461,184, up 2. The average home value in Crystal Lake, IL is $354,362, up 6. With a forecast for next year’s rent unavailable, our expectation for the increase in next year’s rent is the average annual growth in the Zillow Rent Index (ZRI) during the four years since 2010 for the smallest region available. The average Washington, DC home value is $602,769, down 2. Typical U. Zillow expects the national, non-seasonally-adjusted Zillow Home Value Index (ZHVI) to remain flat in 2024. Learn more about the Upper West Side housing market and real estate trends. Housing starts fell to 1,238,000 (SAAR) in July, down 6. 6% over the past year and goes to pending in around 12 days. Learn more about the Newark housing market and real estate trends. Learn more about the 90044 housing market and real estate trends. Pontiac, MI Housing Market $126,070 8. Rent frequencies; Rent price Number of rental properties; $0: 1: The median rent price in New York, NY for December 2024 is $3,397. 7% over the past year and goes to pending in around 11 days. Learn more about the 45424 housing market and real estate trends. 3% over the past year and goes to pending in around 19 days. The price range for all bedrooms and all property types is $855 to $12,000. 6% month over month. The average home value in West Columbia, SC is $218,058, up 3. 6% over the past year. Rent frequencies; Rent price Number of rental properties; The median rent price in Seattle, WA for December 2024 is $2,095. Glasgow is in the rental area of Greater Glasgow. Propensity is conditional on property type, year built and bedroom count. The average home value in 34997, FL is $438,994, down 0. The price range for all bedrooms and all property types is $25 to $1,000,000. 9% over the past year and goes to pending in around 9 days. 3% over the past year and goes to pending in around 8 days. New to this report is the Zillow Rent Index (ZRI), which is the rental counterpart to the Zillow Home Value Index (ZHVI), tracking the median rent of all homes in a given geography. Home Sales Poised to Increase Next Year, If Rates Cooperate (November 2024 Market Report) Signs Point to More Competitive Rental Market Ahead (November 2024 Rental Market Report) Castro Valley, CA Housing Market $1,157,671 4. Beginning in May 2020 with publication of April 2020 data, Zillow is releasing a new measure of rental appreciation. If mortgage rates fall, nearly half of renters said they would be As we approach the busy spring rental season, Zillow’s February 2024 rental market data offers a glimpse into the evolving rental landscape, setting the stage for shifts due to seasonality. The average Athens, GA home value is $321,365, up 4. 3% over the past year. Source: Zillow Rentals Data. 8% over the past year. The price range for all bedrooms and all property types is $253 to $25,000. Learn more about the 10014 housing market and real estate trends. a tenant moves into a housing unit in December 2023 and the subsequent tenant moves into the housing unit in December 2024, then the value for the New Tenant Rent Index in 2023Q4 will be revised when the housing The average home value in Boston, MA is $748,710, up 3. 1% over the past year and goes to pending in around 13 days. Anne Arundel County, MD Housing Market $484,684 3. Learn more about the Hendersonville housing market and real estate trends. Zillow (Canada), Inc. 0% over the past year and goes to pending in around 136 days. National rent growth remains stable, but a closer look shows notable differences between markets and rental types. 0% over the past year. The average home value in Houston, TX is $265,842, up 0. The average home value in Campbell, CA is $1,850,584, up 14. The average home value in 07304, NJ is $514,604, up 8. The average home value in Cary, IL is $341,252, up 8. The Zillow Rent Index forecast is our prediction of ZRI over the coming year. This is $26 more than December 2023. This is $263 less than September 2023. 7 percent last month. 3 million in the coming Our Rental Market Report for December 2024 looks at the latest trends in rental pricing, supply and demand. 4% 1-yr. The average home value in 33619, FL is $280,021, up 1. 2% higher than one year ago, continuing a steady, 19-month-long slowdown in the annual growth rate since hitting a record-high 16% in February 2022. For existing home sales, Zillow forecasts 4. Rent frequencies; Rent price Number of rental properties; $0: 1: The median rent price in Austin, TX for December 2024 is $2,000. Remaining concerns in this approach The average home value in Tarrant County, TX is $321,986, down 0. The typical U. While December is part of the seasonal doldrums for rental market demand, this month’s decline still dwarfs previous Decembers in the ZORI time series, which dates back to 2015. 1% over the past year and goes to pending in around 33 days. Learn more about the SoHo housing market and real estate trends. Nationally, prices rose 6. The average Collier County, FL home value is $593,326, down 2.
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