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Seattle Metro Report: March 2017

The Zumper Seattle Metro Report analyzed over 9,000 active listings in February across the 19 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents.

Cities Ranked By Rent

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Most Expensive

– Bellevue, WA claimed the top spot as the most expensive rental market in the Seattle metro area with a one bedroom median of $1,990. Rent here was a few hundred dollars pricier than the $1,186 state median.

– Seattle, WA ranked as the second most expensive city to rent. One bedroom units were priced at a median of $1,820 a month.

– Redmond, WA came in third with a one bedroom median of $1,740.

Least Expensive

– Lakewood, WA was the most affordable city to rent in the Seattle metro area. One bedroom units here were priced at a median of $750.

– University Place, WA ranked as the second most affordable city to rent, with one bedroom units priced at $810.

– Auburn, WA had one bedroom rents going for a median of $900, making it the third least expensive city this month.

Yearly Growth Rate

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Fastest Growing

– Kent, WA had the fastest growing one bedroom rent, up 12.6% year over year.

– Burien, WA rents grew 11.4% since this time last year, making it the second fastest growing.

– Lynwood, WA ranked as the third with a yearly growth rate of 8.8%.

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Full Data

CityPrice (1Bd)M/M %Y/Y %Price (2 Bd)M/M %Y/Y %
Bellevue$1,9903.1%6.4%$2,140-3.2%-7.4%
Seattle$1,8201.7%7.1%$2,420-2.0%2.5%
Redmond$1,7402.4%5.5%$2,040-0.5%-8.5%
Sammamish$1,680-5.1%-6.7%$1,9700.5%-0.5%
Kirkland$1,660-2.4%1.8%$1,920-5.0%-2.0%
Bothell$1,5002.0%7.1%$1,710-0.6%4.9%
Lynnwood$1,3600.7%8.8%$1,4500.7%-2.7%
Renton$1,2800.0%1.6%$1,6302.5%9.4%
Shoreline$1,2800.0%-0.8%$1,6203.8%11.0%
Burien$1,170-0.8%11.4%$1,350-0.7%11.6%
Tacoma$1,0803.8%8.0%$1,150-4.2%1.8%
Kent$1,070-0.9%12.6%$1,3102.3%5.6%
Everett$1,0200.0%0.0%$1,250-5.3%5.9%
Federal Way$1,0202.0%5.2%$1,300-0.8%8.3%
Edmonds$1,0005.3%6.4%$1,540-3.8%4.8%
Puyallup$970-1.0%7.8%$1,140-4.2%0.9%
Auburn$9000.0%5.9%$1,270-1.6%3.3%
University Place$810-2.4%1.3%$1,0404.0%11.8%
Lakewood$750-5.1%8.7%$1,1500.9%15.0%

About

The Zumper Seattle Metro Report analyzed over 9,000 listings that hit the market in February 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

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Seattle Metro Report: March 2017

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