Zillow forecasts rent growth of more than 7 percent in Seattle and 6 percent in Portland
By Jeff Sorg, OnlineEd Blog
(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
- Seattle – 7.2 percent
- Portland – 6.0 percent
- Denver – 5.9 percent
- Cincinnati – 5.2 percent
- San Francisco – 4.9 percent
- Los Angeles – 4.8 percent
- Sacramento – 4.7 percent
- San Diego – 4.7 percent
- Phoenix – 4.6 percent
- San Jose – 4.5 percent
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Jeff Sorg, an Oregon licensed Principal Broker, 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 for real estate education in Oregon, Washington, California, Flordia, and Nevada and has authored numerous pre-licensing and continuing education courses in those states. Sorg holds the International Distance Education Certification Center’s CDEi Designation for distance education, originally awarded 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.