Keep up-to-date with the latest rental market conditions is absolutely critical for success as a landlord or landlady.
As demonstrated by the current rental home surplus affecting cities throughout the country, shifts in the housing market can occur seemingly out of nowhere. That said, familiarizing yourself with Healdsburg’s rental market and the latest trends affecting the area enables you to keep your investment protected by understanding the needs and wants of renters interested in the area.
At Intempus, we strongly encourage each of our clients to regularly check in on the most recent market updates; below is a quick summary of the latest rental market conditions in Healdsburg, based on recent Zillow data reflecting all rental properties as of July 2018:
Healdsburg Rental Market Trends
- Median Monthly Rent: $3,262
- Median Monthly Rent MoM: 4%
- Median Monthly Rent QoQ: 3%
- Median Monthly Rent YoY: 8%
Sonoma County Rental Market Overview
(Source: Zillow.com/research)
Despite decreasing property values, median rental prices in Sonoma County have dramatically risen YoY. Consequently, investors who own properties in the above-mentioned areas are wise to continue renting out to tenants for the foreseeable future.
Protect Your Investment With Healdsburg’s Top Property Management Team
Intempus has proudly created a strong reputation as one of Healdsburg’s favorite property managers; from marketing rental homes to screening tenants and collecting rent, we work closely with income property owners to provide the finest service.
If you’d like to learn more about our full service property management, please get in touch with our friendly staff today!
