Home | Newsletter | Advertise
loading...

The DC-Area Sees Rents Rise in March

  • April 9th

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A new report shows that asking rents across the DC region rose in March. 

"Among the 50 largest U.S. metro areas, Pittsburgh stood out as the sole area to see a decrease in typical rents (-0.2%) from February to March," the Zillow report stated. "In contrast, areas such as Washington D.C., the New York City metro area, and San Jose each recorded significant 1% increases in typical rents on a month-to-month basis."

Specifically, the typical monthly rent in the DC region is approximately $2,300 a month, up 1% from February and 5% year-over-year. 

ZORI Time Series.png

Landlords in the DC region are also offering less concessions -- the share of rentals offering perks like free parking or rent fell two basis points month-over-month. That drop runs counter to what is happening in most of the country. 

"In March, 33% of Zillow’s rental listings advertised a concession like free months of rent or free parking," the report found. "The 0.9 percentage point rise in concessions from February to March suggests landlords and property managers are using strategic methods to attract renters, especially in regions with lots of choices due to the recent surge in new apartment construction."

See other articles related to: dc apartment rents

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_dc-area_sees_rents_rise_in_march/22173.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse