Median Rents Stabilizing in Washington CountyMarch 8, 2019
Zillow’s economic research division produces monthly home value and rental price estimates based on data gathered from home and rental listings, as well as prior sales, tax assessments, and geographic location. The Zillow Rent Index (ZRI) is an aggregate estimate of the rent prices of all rentals in the given region. According to the most recent ZRI, median rents for multifamily units in Washington County reached $1,563 in January 2019, a 1.9 percent increase from the previous year. This is slightly lower than the national multifamily rent price growth of 2.3 percent over the year. Median rents for single family homes were slightly higher at $1,927. Single family rentals declined in price by 0.3 percent over the year.