As an income property owner, one of your top priorities at all times should be keeping a pulse on the latest rental market conditions affecting the neighborhood you’ve invested in.
At Intempus, we strongly encourage each of our clients to keep up-to-date with the most recent market changes, in order to make informed decisions when determining monthly rental fees.
Below is a quick summary of the latest rental market conditions in Sebastopol, based on recent Zillow data reflecting all rental properties as of July 2018:
Sebastopol Rental Market Trends
- Median Monthly Rent: $3,248
- Median Monthly Rent MoM: 1%
- Median Monthly Rent QoQ: 2%
- Median Monthly Rent YoY: 4%
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.
Maximize Your ROI With Sebastopol’s Favorite Property Management Team
Thanks to our dedicated team of professionals, Intempus is proud to be known as one of Sebastopol’s preferred property management firms. We work closely with each of our clients, and guarantee your satisfaction.
If you’d like to learn more about our full service property management, please get in touch with our friendly staff today!
