Del Val Blog

Property Management Blog

National Rental Prices Starting to Explode Higher!!! Philadelphia Rents up 5.65%

National Rents are Moving High

  • National rents are up 2.3% in May versus April
  • National rents are up 5.4% in May versus last May
  • Rents have increased 3 straight months and are accelerating higher?
  • Philadelphia is even better at 5.65% in May versus last May
  • We are recommending Landlords increase rents at lease 4% and maybe even 5% going forward