29 June 2021

FOR IMMEDIATE RELEASE: New Data: Mesa sees #3 largest monthly rent increase in June

These information pieces sent by Chris Salvati, Housing Economist at Apartment List are now a regular feature of this blog 
Hi Tim,
This month our national rent index jumped another 2.3%, bringing the national median rent price above pre-pandemic projections (see chart below).
But the data continues to show significant regional variation. Rents in a handful of pricey markets are still well below pre-pandemic levels, but prices here are rapidly rebounding. At the other end of the spectrum, in many mid-sized cities where rents recovered quickly from the pandemic, prices continue to boom.
Our newest July Rent Report has the latest:
  • Rents in Mesa grew 3.0% in June, compared to 2.3% nationally. Mesa's monthly rent change ranks #3 among the nation's 100 largest cities.
  • Rent prices in Mesa are currently 19.8% higher than they were one year ago, and 19.1% higher than they were last March, right before the start of the pandemic.
  • Median rents in Mesa currently stand at $1224 for a 1-bedroom apartment and $1404 for a two-bedroom.
 
 Check out the full report here: https://www.apartmentlist.com/az/mesa#rent-report .
And as a reminder, the full details of our rent estimate methodology are explained here
If you have any questions or would like to hop on a call to discuss these findings, please let me know!
All the best,
Chris
 
CHRIS SALVIATI
Housing Economist
Apartment List
978.551.0600

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