Hi Tim,
A
new data tool from Apartment List tells the story of how the rental
market transformed from stable growth before the pandemic to wild,
divergent swings after. Rents in some cities cratered in 2020, while
rents in other cities soared. A year later, rent inflation gripped the
whole country in 2021, but is subsiding today.
This tool was
designed by the Apartment List Research Team, which has been tracking
rent prices for more than half a decade. Visualizing five years of
market data across 100 U.S. cities, it shows how Mesa fits into the
broader national picture. Below is total annual rent growth over the
last five years:
- 2018: +9% in Mesa, +3% nationwide
- 2019: +9% in Mesa, +2% nationwide
- 2020: +7% in Mesa, -1% nationwide
- 2021: +29% in Mesa, +18% nationwide
- 2022: -1% in Mesa, +4% nationwide
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