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Los Angeles Metro Report: August 2018

The Zumper Los Angeles Metro Report analyzed active listings in July across 22 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The California state median was $1,747 last month.

Cities Ranked By Rent

The Most Expensive

–Santa Monica, CA saw rent climb $170 to $3,580 and remain the priciest in the metro.

–Los Angeles, CA ranked as second with one bedrooms priced at $2,330.

–Pasadena, CA moved up one spot, and into the top three markets, to rank as third with rent growing $30 to $2,300.

The Least Expensive

–Lynwood, CA rent dropped $50, settling at $1,250, and down a spot to rank as the most affordable in the metro.

–Bellflower, CA moved up one spot to rank as the second least expensive with rent growing $10 to $1,300.

–Baldwin Park, CA followed closely behind as third with rent at $1,340.

Growth Rate

The Fastest Growing (Y/Y%)

–Lakewood, CA had the Fastest Growing Rent since this time last year, up 15.6%.

–Santa Monica, CA followed closely behind as second with rent growing 15.1%.

–Burbank, CA was third with rent climbing 9%.

The Fastest Growing (M/M%)

–Burbank & Culver City, CA tied for the city with the largest monthly rental growth rate, both up 5.1%.

–Santa Monica, CA had the second fastest growing rent last month, jumping 5%.

–Lakewood, CA rent increased 4.5% last month, making it third.

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Santa Monica$3,5805.00%15.10%$4,3000.70%2.40%
2Los Angeles$2,330-1.30%8.40%$3,210-3.00%3.50%
3Pasadena$2,3001.30%7.00%$3,0202.40%13.10%
4Glendale$2,190-5.20%4.30%$2,870-3.40%3.60%
5Burbank$2,0505.10%9.00%$2,610-1.50%8.70%
5Culver City$2,0505.10%1.00%$2,9505.00%1.40%
7Santa Clarita$1,8601.60%8.80%$2,2401.80%5.20%
8Santa Ana$1,7704.70%4.70%$2,1402.90%15.70%
9Anaheim$1,6803.70%8.40%$2,1201.00%10.40%
10Lakewood$1,6304.50%15.60%$2,1300.90%-3.20%
11Torrance$1,6000.00%1.90%$2,3804.80%13.90%
12Alhambra$1,590-1.20%-0.60%$2,020-2.40%-0.50%
13West Covina$1,560-0.60%3.30%$1,840-4.20%2.80%
14Norwalk$1,4701.40%8.10%$1,8500.00%8.20%
15Inglewood$1,4402.90%6.70%$1,9001.60%6.70%
16Downey$1,4201.40%4.40%$1,9404.30%10.20%
17Hawthorne$1,4001.40%7.70%$1,760-2.20%6.00%
18Pomona$1,3801.50%7.80%$1,8203.40%13.80%
18Whittier$1,3800.00%6.20%$1,680-5.10%1.20%
20Baldwin Park$1,3403.10%-1.50%$1,5604.70%3.30%
21Bellflower$1,3000.80%2.40%$1,7301.80%11.60%
22Lynwood$1,250-3.80%-6.00%$1,710-0.60%11.80%

About

The Zumper LA Metro Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.

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The post Los Angeles Metro Report: August 2018 appeared first on The Zumper Blog.



This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Los Angeles Metro Report: August 2018

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