Rental Prices Are On The Rise!
March 5th, 2008 categories: Fairfax County, Market Statistics
After looking over the prices of rental properties around the beltway I thought you would be interested to know that rental prices are on the rise.
Here is a graph that I put together showing the prices of Arlington County, Fairfax County, Fairfax City, and Falls Church City for the final quarter of last year
If you read my article about the 4 stats buyers should know, you heard me speak about how many people statistically should have purchased a home in the last couple of years but have not. Well, these people have to have some where to go. It appears that a large portion of them have decided to go back to renting.
Falls Church City has not only seen the largest price increase in rentals, they are the only one that saw their rental properties filled in a shorter amount of time than in the 3rd quarter of 2006.
As a Realtor I have been able to assist many people in renting out their home. If you need some help renting out your home in Fairfax, Arlington, or Loudoun you can contact me here.
Other Great Articles
4 Statistics Waiting Buyers Should Know
A 2003 Northern VA Housing Flashback
(I pull these stats by quarter so I do not have this years info on rentals yet- sorry). My information comes from NVAR. All information is deemed reliable but should be verified for accuracy.
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