Zillow Reveals Cities with Fastest Growing Rent
With rent prices increasing by leaps and bounds nationwide, you may – understandably – assume that cities like New York and San Francisco are getting hit the hardest.
But as it turns out, it’s smaller metro areas like Portland, Maine, and Jackson, Mississippi, that are getting the brunt of the hit.
In all, rent prices in Jackson have spiked 22.7 percent to a $1,196 monthly average over the past year, while Portland has seen a 17.4 percent increase in rental prices.
Image via flickr/Roger H. Goun