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Los Angeles Metro Reprot: April 2018

The Zumper Los Angeles Metro Report analyzed active listings in March across 18 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The California state median was $1,734 last month.

Cities Ranked By Rent

Slide1

The Most Expensive

–Santa Monica, CA held on steady to its position as the most expensive rental market with one bedrooms priced at $3,190.

– Pasadena, CA moved up one spot, outpacing Los Angeles, to rank as the second priciest city with rent at $2,280.

–Glendale, CA also moved up a spot, and past Los Angeles as well, to become the third most expensive at $2,260.

The Least Expensive

–Pomona, CA rent fell down a spot to become the most affordable in the metro at $1,290.

–Whittier, CA dropped 2 spots to rank as the second least expensive city with rent at $1,330.

–Hawthorne & Bellflower, CA tied for third with one bedrooms priced at $1,350.

Growth Rate

Slide2

The Fastest Growing (Y/Y%)

–Glendale, CA had the fastest growing rent since this time last year, climbing 15.9%.
–Burbank, CA rent had the second largest year over year growth rate, up 11.1%.

–Lakewood, CA was third with rent increasing 9.8%.

The Fastest Growing (M/M%)

–Glendale & Norwalk, CA rent tied for the fastest growing last month, both up 5.1%.LAAprilMetro

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Santa Monica$3,1902.90%9.60%$3,9301.30%1.30%
2Pasadena$2,2803.60%7.00%$2,8104.50%10.20%
3Glendale$2,2605.10%15.90%$2,9405.00%8.50%
4Los Angeles$2,2502.30%9.20%$3,2000.00%8.50%
5Culver City$2,060-5.10%0.50%$2,790-2.40%-6.10%
6Burbank$2,0001.00%11.10%$2,6901.10%11.60%
7Santa Clarita$1,800-2.70%5.30%$2,1504.90%5.40%
8Alhambra$1,600-1.20%5.30%$1,920-4.00%2.70%
8Torrance$1,600-4.20%1.30%$2,3105.00%13.80%
10Lakewood$1,570-4.80%9.80%$2,1002.90%-4.50%
11West Covina$1,550-4.90%6.90%$1,8401.70%5.70%
12Downey$1,470-5.20%5.00%$1,770-1.70%-5.30%
13Norwalk$1,4305.10%2.10%$1,590-4.20%-5.90%
14Inglewood$1,400-0.70%7.70%$1,8000.60%2.90%
15Bellflower$1,3500.00%7.10%$1,690-0.60%-1.20%
15Hawthorne$1,3500.70%5.50%$1,7201.20%9.60%
17Whittier$1,330-4.30%5.60%$1,6901.80%-3.40%
18Pomona$1,290-5.10%5.70%$1,6004.60%-6.40%

About

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

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The post Los Angeles Metro Reprot: April 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 Reprot: April 2018

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