Please ensure Javascript is enabled for purposes of website accessibility
Fresno Rent Hikes Hit 'Top 5' in U.S., Industry Data Shows
By admin
Published 2 years ago on
July 6, 2022

Share

 

Apartment seekers in Fresno continue to feel the pinch of higher rents despite a slowdown in increases across the country.

That’s according to apartment search website Zumper, which ranked Fresno among the Top 5 markets for rising rents in June.

Fresno came in just below Norfolk, VA for the highest month over month average rent increase. Zumper said one-bedroom rent in Fresno rose by 6.3% in June to an average of $1,520. That pushed Fresno rents up 25.6% over the previous year, according to Zumper’s data.

The average rent for a two-bedroom apartment in Fresno jumped by 5% in June, according  Zumper, resulting in an annual rent jump of just over 15%.

Other cities on the “Top 5 risers” list for one-bedroom units include Chicago (also up 6.3%), El Paso (up 6.2%) and Henderson, NV (up 6.1%).

For many other cities, however, the news was brighter.

“Zumper’s National Index signals a long-awaited slowdown in the shocking price hikes over the last year,” the website reports. “Median one-bedroom rent is up 0.5 percent over last month–yet another all-time high, but also a much more reasonable growth rate than the one to two percentage point increases that became the norm during the height of the pandemic.”

On the site’s survey of 100 apartment markets overall, Fresno ranks No. 31 for most expensive rents, worse than cities including Dallas, Phoenix and Las Vegas. Zumper’s data showed Fresno moving 5 positions higher on the list compared to the month of May.

Average rents in number of other California cities, however, far outpaced those in Fresno. They include Sacramento, with an average one-bedroom rent of $1,600 (ranked #24 ), San Diego (ranked #7 with average rent of $2,300), and San Francisco (ranked #2 with average monthly rent of $3,000).

The top spot for most expensive rent in the country in June remained unchanged, going again to New York City. While monthly rent in The Big Apple increased just three-tenths of a percent, it pushed the average for a one-bedroom unit to $3,600. Year-over-year, rents in NYC increased by a whopping 40.1%.

RELATED TOPICS:

DON'T MISS

Religion Has Been in Decline. This Christmas Seems Different.

DON'T MISS

California Limits Junk Fees: New Law Blocks Fines for Declined ATM Withdrawals

DON'T MISS

Research Finds Vaccines Are Not Behind the Rise in Autism. So What Is?

DON'T MISS

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

DON'T MISS

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

DON'T MISS

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

DON'T MISS

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

DON'T MISS

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

DON'T MISS

California and Texas Duke It Out for Worst State to Raise a Family

DON'T MISS

Musk Slams ‘Wokepedia’ for Biased Editing, Urges Donation Boycott

UP NEXT

What Goes on at Fresno County School Board Meetings? It’s Hard to Tell

UP NEXT

Survey: Small Businesses Are Feeling More Optimistic About the Economy After the Election

UP NEXT

Stock Market Today: Wall Street Holds Near Breakeven Ahead of Christmas

UP NEXT

Fresno Authorities Seeks Public’s Help to Locate Family of Deceased Man

UP NEXT

$1M Investment in Fresno Lender to Help Small Businesses Get Funding

UP NEXT

Fresno State Tossed by Northern Illinois in Famous Idaho Potato Bowl

UP NEXT

Media Relations Expert Leaves City Hall for Valley Children’s Hospital

UP NEXT

Amar Augillard Departs the Fresno State Basketball Team

UP NEXT

Former Bulldog QB Mikey Keene Commits to Michigan

UP NEXT

Thunderstorms on Christmas Eve? They’re in the Fresno Forecast

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

19 hours ago

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

20 hours ago

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

20 hours ago

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

2 days ago

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

2 days ago

California and Texas Duke It Out for Worst State to Raise a Family

2 days ago

Musk Slams ‘Wokepedia’ for Biased Editing, Urges Donation Boycott

2 days ago

Explore the Holiday Magic in California’s Death Valley

2 days ago

Visalia Unlicensed Driver Smashes Into Home. No Injuries Reported.

2 days ago

Penn State’s Schumacher-Cawley Is 1st Female Coach to Win NCAA Volleyball Title

2 days ago

Religion Has Been in Decline. This Christmas Seems Different.

Opinion by Ross Douthat on Dec. 21, 2024. In March, I drove with my family up from Rome into the mountains of southeastern Umbria, to reach ...

16 hours ago

Photo of a Christmas tree in the NORAD Tracks Santa Center at Peterson Air Force Base
16 hours ago

Religion Has Been in Decline. This Christmas Seems Different.

18 hours ago

California Limits Junk Fees: New Law Blocks Fines for Declined ATM Withdrawals

An autistic boy with his mother at home in Texas, Aug. 5, 2023. There is no blood test or brain scan to determine who has autism, and with no singular cause, there is no singular culprit behind autism’s rise. (Callaghan O'Hare/The New York Times)
18 hours ago

Research Finds Vaccines Are Not Behind the Rise in Autism. So What Is?

19 hours ago

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

The SpaceX starship rocket near the Starbase launchpad in Boca Chica, Texas, Feb. 21, 2024. Employees of SpaceX have filed a formal petition to create the city of Starbase. (Meridith Kohut/The New York Times)
20 hours ago

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

20 hours ago

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

2 days ago

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

2 days ago

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

Help continue the work that gets you the news that matters most.

Search

Send this to a friend