As demand for rental homes continues to decrease in markets throughout the country, we urge our clients to pay close attention to the latest market conditions in order to adjust expectations and strategies appropriately.
Whether you already own a rental home or you’re preparing to buy your first income property, understanding the current and historical trends in a given neighborhood enables you to protect your investment by learning how to position your property to best appeal to renters.
Intempus works closely with property owners throughout Sonoma County to maximize ROI through strategic property marketing and management. While we’re always keeping a close eye on market conditions, we believe in keeping our clients informed on the latest happenings; below is a quick summary of the current rental market conditions in Santa Rosa, based on the latest Zillow data, reflecting all rental properties as of July 2018:
Santa Rosa Rental Market Trends
- Median Monthly Rent: $2,824
- Median Monthly Rent MoM:4%
- Median Monthly Rent QoQ:2%
- Median Monthly Rent YoY: 11%
Sonoma County Rental Market Overview
Despite decreasing property values, median rental prices in Sonoma County have dramatically risen YoY. Consequently, investors who own properties in Santa Rosa are wise to continue renting out these homes for the foreseeable future.
Trust Santa Rosa’s Top Property Managers To Protect Your Investment
Intempus has proudly exceeded client expectations for years now, earning a strong reputation as one of Santa Rosa’s top property management firms. From marketing properties to screening tenants and collecting rent, our team works closely with real estate investors looking to make the most of their income properties.
If you’d like to learn more about our full service property management, please contact our friendly staff today!