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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Think Prices Have Skyrocketed? Look at Rents.

Think Prices Have Skyrocketed? Look at Rents. | Simplifying The Market

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.

 “Continued interest in rental apartments and slowing construction keeps the national average rent on a strong upward trend.”

Zillow, in its latest Rent Index, agreed that rents are continuing on an “upward trend” across most of the country, and that the trend is accelerating:

“The median U.S. rent grew 2% year-over-year, to $1,595 per month. National rent growth is faster than a year ago, and while 46 of the 50 largest markets are showing deceleration in annual home value growth, annual rent growth is accelerating in 41 of the largest 50 markets.”

The Zillow report went on to detail rent increases since the beginning of the housing market recovery in 2012. Here is a graph showing the increases:Think Prices Have Skyrocketed? Look at Rents. | Simplifying The Market

Bottom Line

It is true that home prices have risen over the past seven years, increasing the cost of owning a home. However, the cost of renting a home has also increased over that same time period.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
12108 SE 225th Drive Hawthorne FL 32640
New Listing - an hour on site
1 / 38
$615,000
2
BEDS
2
TOTAL BATHS
1,963
SQFT
12108 SE 225th Drive Hawthorne, FL 32640
Single Family Residence For Sale
- Active

Welcome to your own private lakefront retreat, where comfort, tranquility, and breathtaking views come together on 4.29 gated acres. This immaculate 2-bedroom, 2-bath home offers a seamless blend of modern amenities and peaceful lakeside living. Step

Listing courtesy of Justin Gore of Florida Advantage Realty Group
6 Rosalyn Landing Daytona Beach FL 32118
New Listing - 2 hours on site
1 / 61
$1,895,000
3
BEDS
4
TOTAL BATHS
3,327
SQFT
6 Rosalyn Landing Daytona Beach, FL 32118
Single Family Residence For Sale
- Active

PRIME LOCATION ON THE HALIFAX RIVER IN A NO WAKE ZONE WITH DEEP WATER DOCK! Truly a Captain's dream dock which includes a covered boat house with tiled roof, electric boat lift, 50-amp electrical service, water hookups, and 3 deep water slips as well

Listing courtesy of Listing Reciprocal of MARKETLINX, INC.
2361 Melonie Trail New Smyrna Beach FL 32168
New Listing - 3 hours on site
1 / 49
$675,000
4
BEDS
2
TOTAL BATHS
2,426
SQFT
2361 Melonie Trail New Smyrna Beach, FL 32168
Single Family Residence For Sale
- Active

Welcome to this inviting one-story retreat on 1.15 acres with no HOA — offering exceptional space and freedom, just 15 minutes from beautiful New Smyrna Beach! Freshly painted outside with a brand-new roof being installed, this 4-bedroom, 2-bathroom

Listing courtesy of Mike Gagliardi of RE/MAX Signature

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Related posts:

  1. A Tale of Two Markets [INFOGRAPHIC]
  2. What is Really Happening with Home Prices?
  3. Home Prices Up 5.05% Across the Country [INFOGRAPHIC]
  4. Home Prices Increase in Every Price Range

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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