Getty Images
No. 25 Biggest Rent Hike: Bethesda-Frederick-Gaithersburg, Md.
Annual increase: 5.6%
Average monthly rent: $1,497
Vacancy rate: 4.6% (5.1% in 2009)
Average concession: -4%
Vacancies in the Bethesda area—where employment is relatively strong—fell below the 5 percent equilibrium rate, indicating a tight rental market. (A vacancy rate of 5 percent is considered "equilibrium" and indicates supply and demand are about equal.) Data from AXIOMetrics show that some renters in Montgomery County, which includes Gaithersburg, Rockville, and Takoma Park, saw a particularly steep hike of about 13 percent. The metro unemployment rate increased slightly to an annual average of 5.7 percent, or 36,240 people, in 2010, compared to 5.5 percent in 2009, according to the Maryland Labor, Licensing, and Regulation Dept.
* Source for rent, vacancy, and concession data on all slides: AXIOMetrics
Average monthly rent: $1,497
Vacancy rate: 4.6% (5.1% in 2009)
Average concession: -4%
Vacancies in the Bethesda area—where employment is relatively strong—fell below the 5 percent equilibrium rate, indicating a tight rental market. (A vacancy rate of 5 percent is considered "equilibrium" and indicates supply and demand are about equal.) Data from AXIOMetrics show that some renters in Montgomery County, which includes Gaithersburg, Rockville, and Takoma Park, saw a particularly steep hike of about 13 percent. The metro unemployment rate increased slightly to an annual average of 5.7 percent, or 36,240 people, in 2010, compared to 5.5 percent in 2009, according to the Maryland Labor, Licensing, and Regulation Dept.
* Source for rent, vacancy, and concession data on all slides: AXIOMetrics
