For Star subscribers: The local housing shortage means drops in rent are unlikely, but increases are expected to be smaller.
Gabriela Rico Rents in the Tucson area are stabilizing after more than two years of significant spikes.
Irvine, California, has the highest median rent at $2,996 for all rentals and the lowest of the 100 largest cities is Cleveland, Ohio, with a median rent of $773.People are also reading… Tucson rents are 6.7% lower than the national average and comparable to prices in places such as Greensboro, North Carolina, and Reno, Nevada, the data shows.
He said many cities are experiencing big declines in monthly rental prices, but Tucson is holding steady because of the local housing shortage. Joe Boyle, a multifamily specialist with Joseph Bernard Investment Real Estate, recruits investors to the Tucson market and agreed.
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