About a third of Denver's renters are coming from out of town

DENVER BUSINESS JOURNAL - About 30 percent of Denver's renters are coming to the city from out of town, which is helping drive rent prices upward.

That's according to real estate company Zillow, which said that Denver ranks fifth in the country for the percentage of renters who come from another city.

Only Nashville, Tennessee (42.2 percent), Raleigh, North Carolina (38.1 percent), San Jose, California (34 percent), and San Francisco (30.9 percent) have higher percentages of renters coming from other cities to rent.

Zillow estimates the Denver rents have risen 3.3 percent in the past year and estimates the median monthly rent in Denver is $2,008.

Read more at the Denver Business Journal: http://bit.ly/2faZIY0

Copyright 2016 Denver Business Journal


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