176550 Resource 164804 165387 165387 1184991176094 1184991176094 Controlled Rents are up again in Phoenix Metro

Home prices are down but rents are up in Greater Phoenix

<p /><p>Many more people are deciding to rent instead of buying in this Phoenix real estate market.&nbsp; Some are being cautious with making the move to home ownership while others are forced to save up more as a result of the home price appreciation that we had the last few years in metro Phoenix.&nbsp; As a result of the increased demand for rentals and the lower supply, which has been decreased by the many condo conversions in the Phoenix valley and the low number of new projects completed, rents increased to an average of $809.00.&nbsp; </p><p>Overall the west had a 5% gain in rents over last year.&nbsp; $809 is high but, it's low compared to other metro areas; San Francisco is at $1,757, Philadelphia is at $981 and Seattle is at $973.&nbsp; </p> 10 application/xml false average rents in phoenix housing in phoenix phoenix real estate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web