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Denver Metro Report: February 2018

The Zumper Denver Metro Report analyzed active listings in January across 12 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Colorado state median Rent was $1,235 last month.

Cities Ranked By Rent

Slide07

The Most Expensive

–Broomfield, CO outpaced Denver to rank as the most expensive city in the metro with rent growing to $1,460.

–Centennial, CO also outpaced Denver to rank as second with one bedrooms priced at $1,440.

–Denver, CO dropped 2 spots to become the third priciest city with rent at $1,390.

The Least Expensive

–Arvada, CO was the most affordable city in the metro with rent at $1,020.

–Aurora, CO followed closely behind as second with one bedrooms priced at $1,030.

–Northglenn, CO ranked as third with rent at $1,070.

Growth Rate

Slide08

The Fastest Growing (Y/Y%)

–Lakewood, CO had the fastest growing rent since this time last year, up 15.5%.

–Parker, CO rent climbed 15%, making it second.

–Castle Rock, CO was third with rent jumping 14.4%.

The Fastest Growing (M/M%)

–Westminster, CO rent had the largest monthly growth rate, up 5.1%.

–Castle Rock, CO followed closely behind as second with rent growing 5%.

–Broomfield & Centennial, CO tied for third with rents climbing 4.3%.

DenverFeb

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Broomfield$1,4604.30%6.60%$1,690-2.30%3.70%
2Centennial$1,4404.30%9.90%$1,7900.60%-0.60%
3Denver$1,3901.50%13.90%$1,8200.60%13.00%
4Parker$1,3801.50%15.00%$1,510-0.70%-1.30%
5Littleton$1,3201.50%9.10%$1,5802.60%6.00%
6Castle Rock$1,2705.00%14.40%$1,4805.00%10.40%
6Lakewood$1,2700.00%15.50%$1,4100.00%11.00%
8Westminster$1,2305.10%6.00%$1,4002.90%-0.70%
9Thornton$1,1600.90%5.50%$1,3604.60%6.30%
10Northglenn$1,070-1.80%4.90%$1,2301.70%-0.80%
11Aurora$1,030-2.80%3.00%$1,320-0.80%-0.80%
12Arvada$1,020-4.70%7.40%$1,3201.50%4.80%

About

The Zumper Denver Metro Report analyzed active listings that hit the market in January 2018. Listings are aggregated by city to calculate median asking rents.

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The post Denver Metro Report: February 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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Denver Metro Report: February 2018

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