Top 10 Most Expensive Rental Markets
February 9th, 2007 • Related • Filed Under
New York City heads the list of the most expensive rental market for 2006, and rents are expected to increase in 2007 across the country. The slowdown in real estate purchases will lead to an almost 14 percent increase in rents in the 3 year ending in 2007.
New York also led the country with the highest occupancy rate at 97.3 percent followed by Los Angeles at 97.2 percent.
Average Rent in 2006
| New York | NY | $2,553 |
| San Francisco | CA | $1,685 |
| Boston | MA | $1,632 |
| New Haven | CT | $1,485 |
| Orange County | CA | $1,458 |
| San Jose | CA | $1,445 |
| N. New Jersey | NJ | $1,404 |
| Los Angeles | CA | $1,360 |
| Oakland | CA | $1,262 |
| San Diego | CA | $1,250 |
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I would appreciate if you would forward information on whether land contracts qualify for the tax credit.
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