March was the 1st month in six that both 1 & 2 Bedroom residential rents were 📈 in the US on @zumper

But there's so much nuance to the data

NYC is 📈25% YoY, a strong & persistent climb

While many California cities are down, with SF 📉3%, San Jose 📉5%, and LA 📉4%

Budgeting for your next rental? We’ve got you covered. Check out our guide on the 30 percent rule, the 50/30/20 rule, and more to figure out the best option for you: zumper.com/blog/30-percen…

#FinancialLiteracyMonth

In March we hit an important financial milestone at Zumper after a long and often difficult journey to reach it.

And to celebrate and reflect we gave the team today off 🎉

(1/3)

Fun talking about the immigrant startup CEO journey into the US with @zumper 🇺🇸

It’s not always smooth but it’s part of the journey and the resilience you build. There’s always a way!

Thanks to LAZO for hosting a great group of entrepreneurs

🐾Happy National Pet Day!🐾

Here are some of our team’s cutest furry friends 🐶🐱 Share your paw-some pet photos below and check out our post on the most pet-friendly cities for renters: zumper.com/blog/the-most-…

Mountain View remained the Bay Area's most expensive rental market on @zumper in March

And rents in MTV are still growing ⬆️14.1% annually, so the gap is widening

Cupertino & Santa Clara are still currently more expensive to rent in than San Francisco 👇

A big congratulations to our exceptional team members! 🎉🤩

📣 Calling all individual property owners & managers! Want to fill your units faster? Join Zumper and Landlord Studio in May for a webinar where you'll learn the secrets to effectively marketing your properties online.

Don't miss out! Register now: hubs.la/Q02sbrM60

Zumper’s National Rent Report for March ’24 realestateinvestingtoday.com/zumpers-nation… #realestate investing #realestate #landlording #rent #propertymanagement #useconomy Zumper

The 5 most expensive rental cities (1BRs), and their annual growth rates, on @zumper in March

NYC's growth outpaces all

1.🗽 NYC ($4,200) - ⬆️ 24.6%

2.🏙️ Jersey City ($3,260) - ⬆️ 9.0%

3.🌉 SF ($2,900) - ⬇️ 3.3%

4.🍀 Boston ($2,850) - ⬆️ 1.4%

5.🌴 Miami ($2,710) - ⬆️ 1.1%

3. Arizona has seen a frosty cool off in rents, driven by record new supply to market and slowing demand

See how 3 AZ markets compare to the national average:

2. NYC 1BR rents are ⬆️ 24.6% annually

With no sign of slowdown

3⃣ really big findings in @zumper's March Rent Report

1. National rates for both 1 & 2 BRs are up on a MoM basis for the first time in 6 months

Suggesting more pressure on CPI ahead, where rents (=part of 'shelter' calc) are stickier than the Fed would like

#New : Bay Area rents (avg 1BR):

Mountain View: $3,650
Cupertino: $3,190
Santa Clara: $3,000
San Francisco: $2,900
Milpitas: $2,770
Sunnyvale: $2,750
San Jose: $2,450
Oakland: $2,000

Source: Zumper

Happy Financial Literacy Month! 🪙

If you’re thinking about making your next move soon, take charge of your finances by checking out our guide on how to budget for a new rental:
zumper.com/blog/how-to-cr…

Rents are rising across the country and have increased substantially since the pandemic began.

San Francisco remains an exception.
sfexaminer.com/news/housing/s…

Zumper's National Rent report for March rose for the first time in six months. NYC rents up more than 20% y/y while SF and San Jose rents are down y/y, although SJ saw a monthly gain. The overall rent gain isn't a promising sign for inflation coming below 3%. KCBS 106.9 FM/740 AM

NYC one-bedroom rent prices are up 25% year-over-year, to $4,200 a month, according to a new report from Zumper: zumper.com/blog/rental-pr…

#New : For the first time in 6 months, avg 1 & 2 BR rents are higher nationally:

New York: $4,200/mo*
Jersey City: $3,260
San Francisco: $2,900
Boston: $2,850
Miami: $2,710
San Jose: $2,450

*1BR

Source: Zumper

Our March National Rent Report ✍️ is live now!

Cities with the largest annual growth rates 📈
NYC +25%
Columbus +22%
Chicago +21%

Cities with the largest annual declines 📉
Irving -12%
Winston Salem -11%
Glendale -11%

Read the full report: zumper.com/blog/rental-pr…