The Zumper Los Angeles Metro Report analyzed active listings in July across 19 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents.
Cities Ranked By Rent
Most Expensive
–Santa Monica, CA rent grew $150 this month to $3,110 and ranked as the most expensive in the metro area.
–Los Angeles & Pasadena, CA tied for second with rents at $2,150.
–Glendale, CA was third with one bedrooms priced at $2,100.
Least Expensive
–Palmdale, CA rent grew a slight $30 since last month but continued to rank, by far, as the most affordable.
–Bellflower, CA had the second least expensive rent at $1,270.
–Pomona, CA rent, only $10 more expensive than Bellflower, ranked as third.
Yearly Growth Rate
The Fastest Growing (Y/Y%)
–West Covina, CA had the fastest growing rent since this time last year, up 15.3%.
–Alhambra, CA rent was the second fastest growing, climbing 13.5%.
–Hawthorne, CA was third with a 13% rental yearly growth rate.
The Fastest Growing (M/M%)
–Culver City, CA rent grew 5.2% since last month, making it the fastest growing.
–Santa Monica, CA rent was close behind with a 5.1% monthly growth rate.
–Glendale, Burbank, & Bellflower, CA all tied for third with rents climbing 5%.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Santa Monica | $3,110 | 5.10% | 4.00% | $4,200 | 5.00% | -3.20% |
| 2 | Los Angeles | $2,150 | 2.40% | 8.00% | $3,100 | 3.30% | 2.60% |
| 2 | Pasadena | $2,150 | -1.80% | -2.70% | $2,670 | 2.70% | -4.30% |
| 3 | Glendale | $2,100 | 5.00% | -5.80% | $2,770 | 4.10% | -5.80% |
| 4 | Culver City | $2,030 | 5.20% | 1.50% | $2,910 | -3.30% | 11.90% |
| 5 | Burbank | $1,880 | 5.00% | 2.20% | $2,400 | 0.00% | 2.10% |
| 6 | Santa Clarita | $1,710 | -0.60% | -1.20% | $2,130 | 4.90% | 8.70% |
| 7 | Alhambra | $1,600 | -3.00% | 13.50% | $2,030 | 2.50% | 7.40% |
| 8 | Torrance | $1,570 | 1.30% | -0.60% | $2,090 | -3.20% | 5.60% |
| 9 | West Covina | $1,510 | 0.70% | 15.30% | $1,790 | -0.60% | 8.50% |
| 10 | Downey | $1,360 | 3.80% | 10.60% | $1,760 | 0.00% | 8.00% |
| 10 | Norwalk | $1,360 | -2.20% | 9.70% | $1,710 | -5.00% | 14.80% |
| 11 | Inglewood | $1,350 | 0.00% | 9.80% | $1,780 | 1.10% | 14.80% |
| 12 | Hawthorne | $1,300 | 0.00% | 13.00% | $1,660 | -1.80% | 10.70% |
| 12 | Whittier | $1,300 | 4.00% | 7.40% | $1,660 | -5.10% | 4.40% |
| 13 | Pomona | $1,280 | 4.90% | 5.80% | $1,600 | 5.30% | 8.10% |
| 14 | Bellflower | $1,270 | 5.00% | 7.60% | $1,550 | -2.50% | 3.30% |
| 15 | Palmdale | $690 | 4.50% | 6.20% | $1,120 | 4.70% | -0.90% |
About
The Zumper LA Metro Report analyzed active listings that hit the market in July 2017. Listings are aggregated by city to calculate median asking rents.
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This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here
