Housing Outlook for the Rest of 2020The average home price in Los Angeles County for the first 5 months in 2020 was $472,565 which is an increase of 13.5% percent compared to the average home
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Here are the top 10 most expensive rental markets in the U.S.
National rents are on the rise to the tune of 1.4 percent year-over-over. The coast
holds the highest concentrations of rent growth titans, but California is far and
away the most expensive state of them all.
According to Zumper, a rental listing site, three of the top five most expensive
rental markets in the nation are in California. San Francisco holds the top spot as
the nation’s priciest multifamily market exhibiting rent growth of 1.2 percent in its
one-bedroom price to $3,440. San Jose came in third at 2,500 for a one-
bedroom, and Los Angeles tied with Boston for fourth place at $2,300 for a one-
New York holds the second-place berth at $2,890 for a one-bedroom unit, though
it fell .30 percent month-over-month and .70 percent year-over-year.
The top 10 markets remained largely unchanged with the exception of Los
Angeles which cranked up its rent growth rate to 2.2 percent month-over-month
and a staggering 10 percent year-over-year, catalyzing its climb from the fifth
spot to share the fourth spot with Boston.