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June 24, 2015

Fastest rising rents are in Jackson, Mississippi

  • Houses in Jackson rent for $1,169 a month, a 22.7 percent yearly increase. Rental prices in Portland, Maine, have shot up 17.4 percent.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — Home rental prices are climbing across much of the United States — with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine.

    Real estate data firm Zillow said Tuesday that prices nationally climbed a seasonally adjusted 4.3 percent in May from a year ago. Rents still are rising at double-digit rates in Denver, San Francisco and San Jose, California, with their job opportunities drawing new residents at a faster pace than construction can match.


     
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