Though rental prices have risen in all areas of the country, certain regions have been hit harder than others. Cape Coral/Fort Myers, Florida experienced a 23.6% increase from last year. The increase is in part due to job growth and a growing population, as well as a general trend of renting over purchasing. California houses a majority of the regions on the list with Sacramento coming in second on the list, followed by San Francisco and Los Angeles. Check out the 25 cities with the largest rental increases on CNN Money.
on CNN Money.
From:: Property Management