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New Report Shows Increase in DC Rents by Apartment Size

  • January 17, 2012

by UrbanTurf Staff

New Report Shows Increase in DC Rents by Apartment Size: Figure 1

In an article from a couple weeks ago about increasing rents in the DC area, a commenter inquired as to whether or not the data could be broken down by apartment size. Housing search engine HotPads.com recently released their 2011 National Rental Housing Report which does just that.

The report showed that overall, rental rates increased just over 1 percent in the DC area in 2011. However, a closer look reveals that the increase depends on unit size.

For example, rents on studio apartments increased approximately 5.4 percent in 2011, but one-bedroom rents dropped by 1.73 percent; two-bedroom rents increased just over 1 percent and leading the pack were three-bedrooms with a 6.06 percent year-over-year increase.

From HotPads on nationwide rental increases:

Studio rentals remained the highest growth segment, with a 7.12 percent increase over the year. One and two bedroom rental properties also saw a price increase, 2.59 percent and 3.75 percent respectively, while three bedrooms dipped by .31 percent.

For more from the report, click here.

This article originally published at http://dc.urbanturf.com/articles/blog/hotpads_shows_dc_rental_increase_by_apartment_size/4937

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