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Los Angeles Metro Report: March 2019

The Zumper Los Angeles Metro Report analyzed active listings in February 2019 across 22 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The California state median was $1,769 last month.

Cities Ranked By Rent

The Most Expensive

–Santa Monica, CA remained the priciest city with one bedrooms priced at $3,500.

–Glendale, CA saw rent drop $10 to $2,400 but continue to rank as the second most expensive city.

–Los Angeles, CA stayed third, though rent dropped $30 to $2,330.

The Least Expensive

–Lynwood, CA rent dropped $60 to $1,270 but remained the most affordable in the metro.

–Whittier, CA was second with one bedrooms priced at $1,340.

–Pomona, CA followed closely as third with rent at $1,350.

Growth Rate

The Fastest Growing (Y/Y%)

–Santa Monica, CA had the largest year over year rental growth rate, up 12.9%.

–Glendale, CA was second with rent climbing 11.6%.

–Norwalk, CA saw rent jump 11% since this time last year, making it the third fastest growing.

The Fastest Growing (M/M%)

–Culver City, CA rent was the fastest growing last month, up 5.1%.

–Santa Clarita, CA followed closely behind as second with rent climbing 5% last month.

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Santa Monica$3,5000.00%12.90%$4,5000.00%16.00%
2Glendale$2,400-0.40%11.60%$2,940-3.00%5.00%
3Los Angeles$2,330-2.90%5.90%$3,160-1.30%-1.30%
4Culver City$2,2705.10%4.60%$2,8605.10%0.00%
5Pasadena$2,200-2.70%0.00%$2,8500.70%5.90%
6Burbank$2,1703.30%9.60%$2,8403.60%6.80%
7Santa Clarita$1,8905.00%2.20%$2,1901.90%6.80%
8Santa Ana$1,7800.00%5.30%$2,1800.00%14.70%
9Alhambra$1,7301.80%6.80%$2,0000.00%0.00%
10Lakewood$1,680-5.10%1.80%$2,130-1.80%4.40%
10Torrance$1,6801.20%0.60%$2,350-4.90%6.80%
12Anaheim$1,630-4.70%0.60%$2,140-1.80%7.50%
13West Covina$1,590-2.50%-2.50%$1,900-0.50%5.00%
14Norwalk$1,5100.70%11.00%$1,8702.70%12.70%
15Inglewood$1,5000.00%6.40%$1,900-0.50%6.10%
16Baldwin Park$1,4400.00%-8.30%$1,6000.60%1.90%
17Bellflower$1,400-2.80%3.70%$1,6903.00%-0.60%
17Downey$1,400-3.40%-9.70%$1,940-0.50%7.80%
17Hawthorne$1,4000.00%4.50%$1,830-1.10%7.60%
20Pomona$1,3500.00%-0.70%$1,7601.10%15.00%
21Whittier$1,340-0.70%-3.60%$1,700-0.60%2.40%
22Lynwood$1,270-4.50%-2.30%$1,7600.00%11.40%

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: March 2019 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: March 2019

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