Saturday Stats: San Jose has #4 Highest 1BD Rents in the US

I'm not sure if this is good news or bad news. At $2,230 per month, San Jose had the 4th highest rent in the nation for one bedroom apartments in August. The positive way to spin this is that we did not have the #1 highest rent in the nation. San Francisco took that prize with a median rent of $3,500 a month. They were followed by New York with $3,100/mo and Boston at $2,250/mo. I have a feeling that some of the fancy new apartments Downtown will be driving this metric up over the next couple years.

Oh, and if we look at % change in rent this year for one-bedroom apartments, San Jose comes in at #5 in the nation with a 14.9% increase. Oakland was at the top of that list with 20% and San Francisco was 8th at 12.9%.

Source: Zumper, hat tip to Barclay Livker

% Changes This Year

1. Oakland, CA – $1,980 (+20%)
2. Austin, TX – $1,170 (+17%)
3. Kansas City, MO – $770 (+16.7%)
4. Sacramento, CA – $900 (+15.4%)
5. San Jose, CA – $2,230 (+14.9%)
6. Atlanta, GA – $1,250 (+13.6%)
7. Dallas, TX – $1,190 (+13.3%)
8. San Francisco, CA – $3,500 (+12.9%)
9. Chicago, IL – $1,920 (+11.6%)