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Rent Escalations Start the Year in Roseville

Sacramento multifamily rent prices have been among the fastest rising in the country during the last two years but another Sacramento city follows suit, increasing by 8.5% year-over-year, entering the top 10 with highest US rent increases.

Pearl Creek Roseville multifamily properties had the same annual increase as neighboring Sacramento.

ROSEVILLE, CA—Multifamily rents in Sacramento have been among the fastest rising in the country during the last two years but another Sacramento metropolitan area city follows suit, according to the latest apartment rent report from RENTCafé. The average rent for apartments located in large-scale buildings in Roseville have increased by 8.5% year-over-year, propelling this city of about 130,000 residents into the top 10 with highest US rent increases at the start of this year.

The national average rent was $1,361 in January 2018, 2.8% higher than this time last year. Small markets continue to record the greatest increases, with Gilbert, AZ (8.5%), Roseville (8.5%) and Fort Collins, CO (7.9%) breaking the top 10, GlobeSt.com learns.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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