CA Dominates SingleFamily Rental Price Increases

LA QUINTA, CA-In 2012, average rental prices for singlefamily residences in La Quinta, California increased more than anywhere else in the country, according to rental pricing analyses conducted by RentRange LLC. La Quinta, whose population is just under 38,000, saw average rents increase by $932 or 35.75%, from December 2011 to December 2012.

Six other California cities are included in the Top 10 markets with the greatest rental price increases for singlefamily residences in 2012. Three, like La Quinta, are in Riverside County’s Coachella Valley. Two are in San Diego County and one is in Orange County. The other three cities in the Top 10 markets with the greatest rental price increases for singlefamily homes are Harker Heights, Texas; Sarasota, Florida; and Mableton, Georgia.