12 month effective rent growth

I found this information from the Wall Street Journal

Markets with Smallest Percentage Rent Increases in the 12 Months Ending March 31
Rank Metro Market 12-month Effective Rent Growth Avg Rent
70 Las Vegas 2.50% $820
71 Colorado Springs 2.40% $636
72 Memphis 2.20% $624
73 Chattanooga 1.80% $577
74 Miami 1.10% $1,068
75 Fort Lauderdale .70% $1,061
76 Orlando .50% $821
77 Tampa-St. Petersburg .10% $786
78 Palm Beach .10% $1,055
79 Jacksonville -.10% $752
– U.S. average 4.80% $984

Not the best news for investors, insight here would be try and keep those renters you already have.
Also an insight, for those thinking of renting in Jacksonville prior to buying. This average rent will generally not land you in a single family home.
The average includes apartment complexes throughout Jacksonville.
We do not handle property management at the moment, for advertising your properties for rent. rentclicks.com an craigslist have seemed very successful for our personal properties.
Read the whole article here from th WSJ rent growth

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