Mapping Where Rents Are Shooting Up the Most in LA Right Now

Victor Quiroz Los Angeles Realtor

Rents across the US rose more than home values in April “for the first time in years,” according to Zillow—while sale prices have gone up and down, rents have only risen over the last several years. In the Los Angeles metro area, rents were up 5.6 percent in April over last year (to $2,498), by Zillow’s data, while home values were only up 3.1 percent (to $534,300). In just the city of LA, rents were up 7.8 percent to $2,573. Mid-Wilshire led the pack with a nutso 30 percent increase, followed by Arlington Heights at 26 percent; lots of other areas—including Koreatown, Westlake, and Mid-City also all saw double digit rent increases. (All the biggest depreciators in the area were in Orange County.) Read more here.

Visit http://www.victor4homes.com

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