While Rent Isn’t Getting Cheaper in North Texas, Be Glad You’re Not in New York

Maybe this is not the best time to bring this up because either the rent is late or the debit has just cleared the bank.

But here goes: The median one-bedroom rent has hit another all-time high in Zumper’s National Rent Index. Locally, Plano was the nation’s 35th most-expensive rental market last month with the cost of a two-bedroom up 18.5 percent since this time a year ago.

Plano did experience a rental drop to $1,450 for a one-bedroom, down 5.8 percent from a month ago but up 11.5 percent from a year ago. A 2BR is up 18.5 percent over last year.

It’s much tougher in New York as people relocate in greater numbers than in pre-pandemic times, Zumper pointed out. Median 1BR rent is up 39.9 percent year-over-year and a 2BR is up 46.7 percent.

Across the East River, in Brooklyn, it’s worse: 2BRs are up 61 percent.

Dallas ranked 37th, Irving 40th, Fort Worth tied for 63rd, and Arlington 71st. Fort Worth’s year-over-year rent for a 1BR was up 14.4 percent and a 2BR was up 18.1 percent.

On the flip side, Fresno’s 1BR median ($1,540) is 40 percent higher than the same last year — the largest increase in the nation.

Zumper’s report analyzes data from more than a million active listings nationwide. Listings are then aggregated on a monthly basis to calculate median asking rents for the top 100 most populous cities.

What is Zumper: San Francisco-based Zumper is a free online and mobile rental search marketplace.

Report review: Zumper covers a lot of ground with its easy-to-read charts. If the charts were only dynamic and sortable. It’s a three-star rabbit hole. 🐇 🐇 🐇