Latest / San Jose News Today | 2 Min News | The Daily News Now!
California Rents Are Not One Size | San Jose News
California’s rental market is a wild ride—Southern California’s median 3BDR rent hit $3,900, while Northern California edged closer to $3,100, both way above the national $2,000 average. Though Southern rents stayed flat, Northern rents jumped 4%—thanks to AI boom in the Bay Area—while the nation only rose 1%. But not all areas are heating up: half of Southern and a third of Northern cities saw rent drops, as did half of U.S. cities outside California. The extremes? West Hollywood at $8,200 and Ridgecrest at $1,600 in the south; Palo Alto at $6,300 and Tulare at $1,900 up north. Bottom line…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.