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    Zumper Updates Rent Report

    Rental information site Zumper recently released their National Rent Report for February showing that the median national rent for 1-bedroom apartment was $1,212 and the median two-bedroom rent was $1,442.  Year to date, one-bedroom prices are down 2.5% and two-bedroom prices are up 3.7%.  Zumper analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the month prior to publication.  Grand Rapids didn’t make the list in the report but Detroit came in 97th with the following rates:

      1 BedM/M%Y/Y%2 BedM/M%Y/Y%
    97Detroit$620-1.60%14.80%$7300.00%15.90%

     

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