National Rent Growth Slows & Tacoma Rents Remain Flat in August
Apartment List reports rent growth has slowed nationwide, increasing just 0.5% in August, down from over 1% in July. Rents in most regions are still increasing faster than they did pre-pandemic but much slower than last year.
Some highlights from the Tacoma September Rent Report:
- Rents in Tacoma held steady month-over-month in August. Month-over-month growth in Tacoma ranks #76 among the nation’s 100 largest cities.
- Year-over-year rent growth in Tacoma currently stands at 4%, compared to 19.8% at this time last year. Year-over-year growth in Tacoma ranks #87 among the nation’s 100 largest cities. Rents in Tacoma are up by 25.6% since the start of the pandemic in March 2020.
- Median rents in Tacoma currently stand at $1,250 for a one-bedroom apartment and $1,596 for a two-bedroom.
Read the full Tacoma report at ApartmentList.com.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com