Posted to: General Real Estate News

Bay Area Takes Top 3 Spots for Worst Place to Rent

Price of a 1 bed rental around the Bay Area.  Via RadPad.

Price of a 1 bed rental around the Bay Area. Via RadPad.

We already know that the Bay Area is already a difficult market to buy in, but did you know that it is also becoming increasingly difficult to rent in as well?  I am constantly shocked to hear how much our buyer clients are paying in rent, which also explains why they are seeking out a mortgage instead.

Forbes just released a recent report ranking the best and worst rental markets.  Amazingly, California took more than half of the top 10 spots, with 3 major Bay Area cities taking the top three.  We all knew that San Francisco would hit the #1 spot, where rents have surged 12.8%.  Oakland takes the #2 spot, and San Jose pulls in at the 3rd worst city to rent in.

Best place to rent?  Indianapolis.

With vacancy rates under 4% in each of these three cities, when will the madness stop?

Still love this map by RadPad, which shows where you would have to live to get a decent pad.

Discussion

No comments for “Bay Area Takes Top 3 Spots for Worst Place to Rent”

Post a comment

Welcome to Krista + Rosie, Realtors

Hi friends! We are Krista + Rosie, the brains behind the Krista + Rosie Team. Powered by Abio Properties we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

Buying a Home as a Real Estate Agent: Unsolicited Advice for Buyers and their Agents
January 9, 2018
By Rosie Papazian
Client Success Story #202
November 9, 2017
By Krista Miller
Restaurant Review: Juanita and Maude
November 6, 2017
By Krista Miller
Food Drive For The Alameda Community Food Bank
November 1, 2017
By Krista Miller
The Heat of the Market
October 4, 2017
By Krista Miller

Archives