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In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [3]
Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country. While, in a balanced market, rental vacancy rates should fall between 7 and 8 percent, only one U.S. census region, the South, achieved target levels on average in its metro areas as of 2021.
San Francisco Bay Area. The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region surrounding the San Francisco Bay estuaries in Northern California. According to the 2010 United States Census, the region has over 7.1 million inhabitants and approximately 6,900 square miles (18,000 km 2) of land. [1]
Average rent: $1,000 Missouri is the cheapest state for renters in 2024. In the city of Joplin, there are apartments listed for $1,000 and up that comprise one bedroom and span 614 square feet.
Often, many may think it costs less money to rent a one-bedroom home over a two-bedroom home. The reality, however, is a two-bedroom home is often much more affordable depending on your state of...
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