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Fort Myers, Florida.
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Renters in the US are seeing the prices of their units grow and grow, and it's worse in some markets than others.
2015-10-20
Altisource's RentRange compiled data on the housing markets where rents are rising the fastest.
"The RentRange data shows that cities in the South and West generally had the greatest increases in home rental rates, while cities in the Midwest and Northeast experienced smaller increases," the report revealed. "California and Florida were particularly strong, accounting for seven of the top 10 markets on the list."
We've compiled the 25 markets that saw the greatest percentage increases in rents during the three months that ended in September. We also included the yield landlords were earning on those properties.
Check out the full list below.
25. HOUSTON-SUGAR LAND-BAYTOWN, Texas. Rents for the area jumped 9.6% in 3Q year-over-year. The average yield for landlords was 14.0%.
24. BAKERSFIELD-DELANO, California. There was a 9.7% increase in 3Q rents year-over-year. The average yield for landlords was 9.6%.
Zillow
Source: RentRange
23. BIRMINGHAM-HOOVER, Alabama. There was a 9.8% increase in 3Q rents year-over-year. The average yield for landlords was 14.8%.
Wikimedia Commons
Source: RentRange
22. OXNARD-THOUSAND OAKS-VENTURA, California. The metro area saw a 10.0% increase in 3Q rents year-over-year. The average yield for landlords was 5.7%.
Zillow
Source: RentRange
21. ORLANDO-KISSIMMEE-SANFORD, Florida. The location had a 10.0% increase in 3Q rents year-over-year. The average yield for landlords was 10.6%.
Wikimedia Commons
Source: RentRange
20. TAMPA-ST. PETERSBURG-CLEARWATER, Florida. In the Tampa area, renters saw a 10.3% increase in 3Q rents year-over-year. The average yield for landlords was 11.5%.
Google Maps
Source: RentRange
19. LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, Arkansas. There was a 10.4% increase in 3Q rents year-over-year. The average yield for landlords was not available.
Wikimedia Commons
Source: RentRange
18. KANSAS CITY, Missouri-Kansas. The area had a 10.6% increase in 3Q rents year-over-year. The average yield for landlords was 12.7%.
14. STOCKTON, California. Rents for the area increased 12.1% in 3Q year-over-year. The average yield for landlords was 7.3%.
Zillow
Source: RentRange
13. AUGUSTA-RICHMOND COUNTY, Georgia-South Carolina. The metro area saw a 12.3% increase in 3Q rents year-over-year. The average yield for landlords was 9.8%.
Wikimedia Commons
Source: RentRange
12. PORTLAND-VANCOUVER-HILLSBORO, Oregon-Washington. There was a 12.6% increase in 3Q rents year-over-year. The average yield for landlords was 6.6%.
Google Maps
Source: RentRange
11. NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, Tennessee. The Nashville area experienced a 13.2% increase in 3Q rents year-over-year. The average yield for landlords was 9.7%.
Wikimedia Commons
Source: RentRange
10. SAN DIEGO-CARLSBAD-SAN MARCOS, California. There was a 13.6% increase in 3Q rents year-over-year. The average yield for renters was 5.6%. The average yield for landlords was 5.6%.
Flickr/j_bongio
Source: RentRange
9. DALLAS-FORT WORTH-ARLINGTON, Texas. The Dallas area saw a 14.0% increase in 3Q rents year-over-year. The average yield for landlords was 13.4%.
8. DENVER-AURORA, Colorado. There was a 14.6% increase in 3Q rents year-over-year. The average yield for landlords was 6.7%.
Shutterstock
Source: RentRange
7. SAN JOSE-SUNNYVALE-SANTA CLARA, California. The metro area had a 16.1% increase in 3Q rents year-over-year. The average yield for landlords was 4.7%.
4. SAN FRANCISCO-OAKLAND-FREMONT, California. The San Francisco area had a 17.0% increase in 3Q rents year-over-year. The average yield for landlords was 5.6%.
Shutterstock
Source: RentRange
3. NORTH PORT-BRADENTON-SARASOTA, Florida. The metro area had a 17.2% increase in 3Q rents year-over-year. The average yield for landlords was 9.7%.
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Bob Bryan is a Deputy Editor on Business Insider's Discourse team.He graduated from the University of North Carolina at Chapel Hill. He previously worked as a markets reporter and policy reporter for Business Insider.
