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Los Angeles Metro Report: February 2018

The Zumper Los Angeles Metro Report analyzed active listings in January across 18 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The California state median was $1,823 last month.

Cities Ranked By Rent

Slide09

The Most Expensive

–Santa Monica, CA rent grew $150 to $3,170 and continued to reign as the most expensive city in the metro by a long shot.

–Los Angeles held on steady to its position as second with rent at $2,220.

– Pasadena, CA followed closely behind as third with one bedrooms priced at $2,200.

The Least Expensive

–Norwalk moved down one spot, falling behind Pomona, to rank as the most affordable city with one bedrooms at $1,300.

–Pomona, CA outpaced Norwalk to become the second least expensive with rent at $1,330.

–Hawthorne & Bellflower, CA tied for third with rents at $1,350.

Growth Rate

Slide10

The Fastest Growing (Y/Y%)

–West Covina, CA had the Fastest Growing Rent since this time last year, up 15.9%.

–Alhambra, CA saw rent climb 15%, making it the second fastest growing.

–Glendale, CA had the third largest year over year rental growth rate, jumping 14%.

The Fastest Growing (M/M%)

–Santa Monica, CA, along with having the most expensive rent, also had the fastest growing rent last month, climbing 5%.

–Downey, CA followed closely behind as second with rent up 4.9%.

–Pomona, CA was third with rent increasing 4.7% last month.LAFeb

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Santa Monica$3,1705.00%12.00%$3,910-4.90%3.70%
2Los Angeles$2,220-3.50%11.00%$3,2000.00%10.30%
3Pasadena$2,200-0.50%4.30%$2,700-1.50%-2.90%
4Glendale$2,120-1.40%14.00%$2,7100.70%5.00%
5Culver City$2,110-5.00%-0.50%$2,720-2.90%-7.20%
6Burbank$1,970-1.50%9.40%$2,6301.90%9.60%
7Santa Clarita$1,7900.60%6.50%$2,1200.00%8.70%
8Alhambra$1,6100.00%15.00%$2,0201.00%6.90%
9Lakewood$1,600-4.80%6.70%$2,000-4.80%-4.80%
9West Covina$1,6001.30%15.90%$1,8300.50%4.00%
11Torrance$1,590-0.60%0.60%$2,2000.00%11.10%
12Downey$1,5004.90%10.30%$1,750-2.80%0.00%
13Inglewood$1,4000.00%12.00%$1,7301.80%4.20%
14Whittier$1,360-1.40%9.70%$1,6501.20%-1.80%
15Bellflower$1,3503.80%9.80%$1,7001.80%-4.50%
15Hawthorne$1,3501.50%8.00%$1,7000.00%4.30%
17Pomona$1,3304.70%11.80%$1,5704.00%0.60%
18Norwalk$1,3000.00%13.00%$1,720-1.70%-5.00%

About

The Zumper LA 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 Los Angeles 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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Los Angeles Metro Report: February 2018

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