Feb. 11, 2013
/PRNewswire/ -- In 2012, average rental prices for single family residences in
La Quinta, California
increased more than anywhere else in the country, according to rental pricing analyses conducted by
, the nation's largest provider of single-family rental market data, analytics and valuations solutions to the financial services and real estate industries.
, whose population is just under 38,000, saw average rents increase by
or 35.75%, from
cities are included in the Top 10 markets with the greatest rental price increases for single-family residences in 2012. Three, like
, are in
's Coachella Valley. Two are in
San Diego County
and one is in
. The other three cities in the Top 10 markets with the greatest rental price increases for single-family homes are
Harker Heights, Texas
The cities on this Top 10 list were determined by comparing RentRange's rental market data from
to rental data from
. The homes surveyed were three-bedroom single-family residences, in cities with populations of 25,000 or more.
RentRange analyzed information from the industry's largest database of single-family rental information to determine the top 10 markets with the greatest rental price increases for three-bedroom single-family residences. The company's proprietary database is comprised of rental records dating back to 2008. It consists of information collected from a national network of RentRange's strategic partners, which include rental search portals, rental data aggregators, residential property managers, real estate investment enterprises, real estate management software providers, and the Multiple Listing Service (MLS). All rent data is scrubbed, normalized, and checked for data integrity prior to incorporation into RentRange's data warehouse. RentRange does not utilize screen-scrapers or bots to acquire protected or copyrighted data from the web. All information is acquired and utilized under licensed data-usage agreements. RentRange does not consider using data sources with high levels of potential fraud and/or misrepresentation as a resource.