October 1, 2022
The AVERAGE MONTHLY RENT within the Windfall-New Bedford-Fall River metropolitan space was down 0.7% in August from a 12 months in the past, based on information offered by condo listing service Dwellsy. / PBN FILE PHOTO

PROVIDENCE – The median lease within the Windfall New Bedford Fall River metropolitan space was down barely by 0.7% in August from a 12 months in the past, based on information offered by an condo listing service known as Dwellsy.

The Los Altos, California-based firm launched a report in September. 15 documenting lease fluctuations in main US cities this 12 months. Knowledge confirmed common month-to-month spending in Windfall fell by simply $11,489 in August from $1,500 in August 2021.

The lower within the common lease in Windfall was opposite to the nationwide pattern. In response to the report, the median month-to-month lease for U.S. condos and single-family houses rose 27.9% year-on-year, with lease reaching $2,110 in August 2022, up from $1,650 in August 2021.

Nevertheless, from July to August 2022, the median lease rose by solely $10, or 0.5%, to $2,110 resulting from inflation.

Month-to-month rents for single-family houses nationwide have elevated extra 12 months on 12 months. The price of renting a single-family dwelling within the US jumped 36.2%, from $1,725 ​​in August 2021 to $2,350 in August 2022, based on the report.

In distinction, condo rents rose 4.7% nationally 12 months on 12 months from $1,600 in August 2021 to $1,675 in August 2022.

The info confirmed that among the many largest US cities, New York was the most costly to lease in August 2022 with a mean lease of $3,021 per thirty days, up 19.7% from final 12 months. Boston and San Jose, California are tied for second with $3,000 per thirty days. San Jose posted a 15.5% year-on-year progress, whereas Boston jumped 9.7% year-on-year.

Dwellsy stated it created the report based mostly on information collected from tons of of hundreds of rental properties posted on its web site every month.

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