Seattle and Portland Rents Expected to Rise 6% and 7%

Zillow forecasts rent growth of more than 7 percent in Seattle and 6 percent in Portland

By Jeff Sorg, OnlineEd Blog

canstockphoto33101878-no-vacancies (October 11, 2016) – According to the latest Zillow® Rent Forecast for August 2016 to August 2017, rents in the West’s tech job centers are predicted to be among some of the fastest growing in the nation over the next year. The Zillow® Rent Forecast predicts rent trends down to the zip-code across the U.S.

Rents in Seattle and Portland are expected to rise the most over the next 12 months — Zillow forecasts rent growth of more than 7 percent in Seattle and 6 percent in Portland. Denver, San Francisco, and San Jose are predicted to see rent appreciation of more than 4 percent. Only 11 of the 35 largest metros will see a slowdown in rents.

 

Highest Forecasted Rent Appreciation over the Next Year

  1. Seattle – 7.2 percent
  2. Portland – 6.0 percent
  3. Denver – 5.9 percent
  4. Cincinnati – 5.2 percent
  5. San Francisco – 4.9 percent
  6. Los Angeles – 4.8 percent
  7. Sacramento – 4.7 percent
  8. San Diego – 4.7 percent
  9. Phoenix – 4.6 percent
  10. San Jose – 4.5 percent

[Source: Zillow]

###

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

Jeff Sorg

About the Author

Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center's CDEi Designation for distance education in 2008. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.