According to a report by research firm, Axiometrics, the average rental rate for an apartment in the Raleigh-Cary area has increased 2.1 percent in the past year causing the region to rank number 13th in the nation for high rental rates.
The report also shows that the average effective rent among apartment communities that have been open a year or more was $920 per month! With job growth continuing to be strong and new household formations developing, landlords are now given leeway to increase rent for absorption of new units.
Now more than ever is the best time to buy your home! Don’t drain your wallet with high rental rates that are expected to only increase over upcoming years. Contact Wilson Realty Group today to find your perfect home! 919-378-1974