Bay Area Rents Rise By 15 Percent, Faster Than Any Other US Metro Area
(CBS SF) -- The cost of renting an apartment in Northern California is rising more quickly than anywhere else in the country, according to a new Trulia report.
The second and third highest increases in the nation belong to San Francisco and Oakland, which jumped to 14.5 and 14.4 percent respectively in August from the year before.
Trulia reported the median monthly rent is San Francisco is now $3,500, tied with New York City for the highest among metropolitan areas in the country.
Across the bay, the median rent in Oakland is steady at $2,600 a month.
The Sacramento metro area leads the list with a 14.9 percent hike in rent.
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