Median Asking Rent Up 14% YoY in July

August 22, 2022 Kyle G. Horst

According to a new Redfin report, the national median asking rent for July was up 14% year-over-year (and 0.6% month-over-month) to an average of $2,032 per month. This is the smallest annual increase since November and compares to a 15% increase in June and 16% in May.  “Big rent hikes may finally be coming to ...

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