U.S. Asking Rents Hit Highest Level Since 2022
Appraisal Buzz
JUNE 12, 2024
year-over-year in May to $1,653, representing the highest level since October 2022, according to a new Redfin survey. Still, the median asking rent in May was just $47 lower (-2.8%) than the record high of $1,700 set in August 2022, presenting affordability issues for some tenants. The median asking rent in the U.S. this summer.
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