Denver Realtor

Every Home Deserves a KILTED Closing

  • Buy
    • Search for Homes
    • Mortgage Rates and Mortgage Payment Calculator
    • Relocation
    • Renting vs. Buying a Home
    • Rent-To-Own
    • My Listings
    • Resources for Buyers
  • Sell
    • Find Your Home’s Value
    • Resources for Sellers
    • Divorce and Selling Your House
  • Invest
  • Communities
    • Denver Neighborhoods
    • Centennial Homes and Community
    • Lakewood Homes and Community
    • Littleton Homes and Community
  • Blog
    • National and Local Real Estate Housing Market
    • Denver Housing Market
    • Buying a Home
    • Selling a Home
    • Financing a Home
    • Real Estate Investing
    • Renting
    • Homeownership
  • About
    • Why Choose Scott
    • Client Testimonials
    • Kilted Closings (photos)
    • eXp Realty Colorado
  • Contact
    • Join eXp Realty
You are here: Home / Buying a Home / Home Affordability: Rents Outpace House Prices

Home Affordability: Rents Outpace House Prices

October 24, 2019

Think Prices Have Skyrocketed? Look at Rents. Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.

 “Continued interest in rental apartments and slowing construction keeps the national average rent on a strong upward trend.”

Zillow, in its latest Rent Index, agreed that rents are continuing on an “upward trend” across most of the country, and that the trend is accelerating:

“The median U.S. rent grew 2% year-over-year, to $1,595 per month. National rent growth is faster than a year ago, and while 46 of the 50 largest markets are showing deceleration in annual home value growth, annual rent growth is accelerating in 41 of the largest 50 markets.”

The Zillow report went on to detail rent increases since the beginning of the housing market recovery in 2012. Here is a graph showing the increases:Think Prices Have Skyrocketed? Look at Rents.

Bottom Line

It is true that home prices have risen over the past seven years, increasing the cost of owning a home. However, the cost of renting a home has also increased over that same time period.

Start Your Home Search:

Are you ready to start searching for your next home? It’s a great time, we have more inventory than we did the past few years. I encourage you to explore homes currently on the market to get a feel for the types of homes, locations, and price points. My Denver real estate blog has loads of useful information for homebuyers trying to figure out what they want to do. And of course, please call me, or send me an email/text, to discuss your next home and the buying process.

Also, if you are considering new construction, remember the builder’s real estate agent represents the builder’s interest, not yours. There is no cost for you to have a buyer’s agent to represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

Get My List of Hot Properties »

Considering Selling Your Home?

If you are looking to sell your home in the Denver area, I encourage you to work with a real estate agent who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. The market is more balanced now and your asking price is an important component of your selling strategy. Contact me today to learn how your home stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Get A Quick Home Valuation »

SHARE THIS:

  • Email
  • Print
  • Facebook
  • Twitter
  • LinkedIn
  • More
  • Reddit
  • Tumblr
  • Pinterest
  • Pocket
  • Telegram
  • WhatsApp
  • Skype

Topic: Buying a Home, Real Estate, Renting Tagged With: buy vs rent home, Denver Rental Rates, Rentals

SUBSCRIBE: Receive a Weekly Digest of This Blog in Your Email Inbox

/ ( mm / dd )
(No SPAM. Just good content. Safe unsubscribe anytime.)

DENVER REAL ESTATE & HOUSING BLOG

scott rodgers realtor blogHi, I'm Scott Rodgers, a native of Denver and a professional Realtor serving the metro Denver metro area. In short, I help people buy and sell homes, and have built a bit of a reputation wearing a kilt to my clients' closings.

Follow this daily blog on the Denver housing market and real estate related topics for highly relevant information for home buyers and sellers.

And should you or someone you know be in the market to buy or sell a home, please reach out to me to discuss what you are looking to do. I adapt to all my clients' needs and strive to provide you with The Peak Results.

Find Your Next Home

Nextdoor.com Favorite Agent Cory-Merrill Denver

2020 Rising Star Real Estate Agent Scott Rodgers

Denver Real Estate Blog

  • What Happens When Homeowners Leave Their Forbearance Plans? January 27, 2021
  • What’s the Difference between an Appraisal and a Home Inspection? January 26, 2021
  • Why Moving May Be Just the Boost You Need January 25, 2021
  • Financial Fundamentals for Homebuyers [INFOGRAPHIC] January 22, 2021
  • What Experts Are Saying about the 2021 Job Market January 21, 2021
  • Owning a Home Is Still More Affordable Than Renting One January 20, 2021
  • Should I Wait for Lower Mortgage Interest Rates? January 19, 2021
  • How to Make the Dream of Homeownership a Reality This Year January 18, 2021
  • Things to Avoid after Applying for a Mortgage [INFOGRAPHIC] January 15, 2021

Search Homes on Your Mobile

Visit www.ThePeak.com from your mobile phone and click the button below to search the MLS for homes with the best mobile user experience: fast, accurate, and easy to use.
Download App
Or, text 'scottrodgers' to 720-726-1625 and I'll send you the link to download the mobile app.

Giving Back

Join my team on Kiva.org and help alleviate poverty by making loans of $25. We have made over 200 loans for a total of over $5,000 loaned to small business upstarts in over 50 countries.

Scott Rodgers

Broker Associate, REALTOR®
The Peak Results at eXp Realty
Serving greater Denver, Colorado
303-242-8831 (m)

  • Email
  • Facebook
  • LinkedIn
  • StumbleUpon
  • Twitter
  • YouTube

Search

the peak results with scott rodgers - exp realty denver

Why Choose Scott Rodgers as your Realtor »     Recommend Scott on NextDoor »

Copyright© 2021 · EXP Realty - THE PEAK RESULTS with Scott Rodgers · Denver Real Estate Agent · Denver Housing Market · Privacy Policy · Terms of Service

Marketing efforts are not intended to solicit properties listed under written agreement with licensed real estate brokers.
Website content is for informational purposes only. For professional advice or service, engage a licensed real estate broker, loan originator, attorney, or CPA under written contract.

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.