Thursday, June 6, 2013

Trulia: Rents up 4.2 percent in metro Denver in May 2013

According to Trulia's Rent Monitor data, released today, the median rent (for a 2-bedroom unit) in metro Denver was up 4.2 percent in May 2013 when compared to May 2012.

According to our first quarter Vacancy and Rent survey, the year-over-year increase for metro Denver was up 4.2 percent from March 2012 to March 2013. So, it seems we're looking at a situation in which rents are outpacing the official inflation rate (of about 2.5 percent) but are not advancing at enormously high rates right now.

Of course, this latest increase in rents is coming on top of two solid years of year-over-year rent growth and signals a continued demand for rental properties in the region.