Rental Market Update – May 2024

Published On: May 7, 202486 words0.4 min read

The number of available rentals remains near all-time lows and demand continues to exceed supply, driving rents higher. Upon searching the MLS I found only 89 homes and condos for rent locally, roughly 47% of those were listed for more than $5,000/month. I found only 5 properties listed for less than $2,500/month, 1 of the 5 is a room for rent and another is a 500 SF ADU, so really there are 3 small condos. These statistics further demonstrate the need for more local ADU’s, and I can answer all your questions.

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