You'll need a raise to pay for Denver rent hikes this year, says Zillow

DENVER BUSINESS JOURNAL - You'll need a raise to pay for expected apartment rate increases in Denver this year.

That's according to data compiled by Zillow Group Inc. (Nasdaq: Z), which indicated that the median Denver rent of $1,998 in February 2017 is expected to rise to $2,043 next year.

That'll require a pay increase $540 over the course of a year to maintain the same income-to-rent ratio. Only rents in Seattle, Boston, Los Angeles, Sacramento, Orlando, Portland and San Diego are expected to rise more than Denver, Zillow officials said.

Read more at the Denver Business Journal: http://bit.ly/2nmv2qj

(© 2017 American City Business Journals)


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