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Rental Prices Jump 4.3 Percent; Twin Cities Housing More Affordable

Brace Helgeson

Rental home prices jumped in the Twin Cities and across the nation in the month of June. According to Zillow, the price of rental homes increased by 4.3 percent over this same period of time last year. The increase in rental rates is outpacing that of rise in income. In many areas of the country double digit increases were seen in June.

As rental home prices increase, the affordability of owning a home in the Twin Cities increases. In many cases you may be surprised to learn that home ownership may be more affordable than renting. If you are considering take the leap into homeownership let the Helgeson Platzke Real Estate Group help.

Now is the perfect time to buy or sell a home in the Twin Cities If you are looking to buy or sell a home this spring contact me. Our group specializes inEden Prairie Real Estate,Chanhassen Real Estate,Chaska Real Estate,Lake Minnetonka Real Estate,Edina Real EstateandWest Bloomington Real Estate.

Brace Helgeson Coldwell Banker Burnet

Licensed in Minnesota/Lic # 92065

 

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