ABODO Says Rents Begin to Accelerate Painfully Slow
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in August was $ 1,109 with two-bedroom units coming in at $ 1,358. ABODO says apartment prices continued to exhibit sleepy upward movement. Indeed…
“There are some hopeful signs that the pandemic is easing in some parts of the country, and the much-anticipated vaccine seems to be moving to fruition. That said, even if the virus disappeared tomorrow, we still see a stable apartment rental market because we just do not foresee things returning to normal for a while.”
ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds. Be sure to check out their extensive city list.
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