A recent report from London based realty company Nested has identified Seattle as having the fifth highest rents in the nation with an estimated per square foot cost of $3.07 and an average monthly rent, for a single person, costing $1,288.76.
Seattle sits behind Washington D.C., Boston, New York City, and San Francisco takes the top spot with the average cost per square foot for rentals peaking at $4.95 and the average monthly rent, for a single person, spiking at $2,077.96.
To read the full report, please visit: Nested | Rental Affordability Index (2017)
This ranking is not surprising considering the huge amount of growth that has occurred in our city recently due to the tech boom as well as increasing foreign investment.
These increasingly high rent prices are driving many renters to consider home purchases, and as the market is currently in an upswing, now is the perfect time to find your dream home or investment property. To find out how I’m uniquely qualified to assist you will all of your real estate needs, please contact me here.
Here is a fantastic rambler near the heart of Canyon Park in Bothell.