The national trend, according to the headlines, is that rental rates are declining. What we are seeing here in the Santa Clara County home rental market is a little different. In fact, even rental property types are seeing different performance in terms of rent growth or decline.
Today we are going to review the most current rental data for our local markets and see what renters are facing and what budding real estate investors should be considering in making their decisions regarding what and where to invest.
House Type And Size Matter
From studios to 4+ bedrooms shows the different demands of renters playing out. While some home types have seen declines in rent, others have seen increases. Interestingly, it is not consistent across all communities.
Know when to think outside the data
Make sure you are also critically reviewing the data. How big is the sample size? Are there longer term trends happening that can help you make better decisions? It is as much about knowing what data to question as it is making sure the math works on your potential investment.