Home > Market Updates, multifamily, Uncategorized > Home Price Growth vs Rent Growth in Top 25 Metros

Home Price Growth vs Rent Growth in Top 25 Metros

February 7, 2013 Leave a comment Go to comments

Earlier today, Trulia released the latest data for its November 2012 Trulia Rent Monitor. Rents were up nationally 5.6 percent year-over-year in November, compared to asking prices on for-sale homes increasing 5.4 percent over the same period.

But out of the Top 25 metros included in Trulia data, only 11 saw rents increase at a higher rate than asking home prices. Does this mean a housing recovery is really beginning to pick up steam? Take a look at the list below to see how the top 25 cities fared in home price growth versus rent growth during the month of November.

Metro Area (MSA)

Nov. 2012 Y-o-Y Rent Change

Nov. 2012 Y-o-Y Asking Price Change

Houston

16.8%

2.3%

Oakland

11.6%

10.5%

Miami

10.8%

7.6%

Denver

9.0%

12.4%

Philadelphia

8.9%

-0.8%

Seattle

8.3%

8.8%

Minneapolis

7.8%

7.1%

Chicago

6.9%

-3.1%

New York, NY

6.6%

0.3%

San Francisco

5.8%

9.5%

Boston

5.7%

3.2%

Portland, Ore.

5.1%

6.7%

Los Angeles

5.1%

2.8%

Atlanta

5.0%

6.0%

Baltimore

4.7%

1.2%

Dallas

4.4%

0.8%

Inland Empire, Calif.

4.1%

9.1%

Tampa/ St. Petersburg, Fla.

3.4%

7.4%

Orange County, Calif.

3.2%

7.7%

San Diego

2.8%

5.4%

Washington, D.C.

2.6%

6.4%

Phoenix

2.3%

26.9%

St. Louis

1.2%

1.7%

Sacramento

1.2%

5.0%

Las Vegas

-0.7%

13.7%

Reprint from MultifamilyExecutive.com        By Derek Mearns

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