Map SearchAdvanced Search

Fastest rising rents in U.S.? Jackson, Mississippi, but S.F., S.J. close behind

Real estate data firm Zillow said Tuesday that prices nationally climbed a seasonally adjusted 4.3 percent in May from a year ago. Rents still are rising at double-digit rates in Denver, San Francisco and San Jose with their job opportunities drawing new residents at a faster pace than construction can match. But two smaller metro areas led the gains in May. Houses in the Mississippi capital of Jackson are renting monthly for $1,169, a 22.7 percent yearly increase. On the northeastern end of the United States, rental prices in Portland, Maine have shot up 17.4 percent.

Read more here:: Contra Costa Times