This month Apartment List reports the national rent index jumped another 2.5%, tying last month’s record-setting growth. The national median rent has now increased by 11.5% in 2021, and is 9.4% above the pre-pandemic level from March 2020. That’s inflation.
Rents are still below pre-pandemic levels in a handful of pricey markets (e.g., San Francisco, NYC), but even in these cities prices are quickly rebounding. In fact, rents are now increasing in virtually all of the nation’s 100 largest cities. What follows are the Tulsa Metro highlights and national market illustration.Continue reading