average rent historical data

Between 1940 and 2000, median monthly gross rent in the United States rose in every decade except the 1940s. After dropping to a low of $257 in 1950, median gross rent increased to a high of $602 in 2000, more than double the gross rent in 1950 (after adjusting for inflation).

Median Gross Rents Adjusted to 2000 dollars:
                2000    1990    1980    1970    1960    1950    1940
California:  $747    $792    $560    $484    $389    $256    $286

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In a price-to-rent basis, the Case-Shiller National index is back to December 2002 levels, the Composite 20 index is back to September 2002 levels, and the CoreLogic index is back to July 2003.
In real terms, and as a price-to-rent ratio, prices are mostly back to early 2000 levels.

Click to expand...

lnc said:

It's not Irvine specific but hope it helps.    Keep in mined that the data is for the entire region, Irvine is in the extreme high end of the spectrum. 

Between 1940 and 2000, median monthly gross rent in the United States rose in every decade except the 1940s. After dropping to a low of $257 in 1950, median gross rent increased to a high of $602 in 2000, more than double the gross rent in 1950 (after adjusting for inflation).

Median Gross Rents Adjusted to 2000 dollars:
                2000    1990    1980    1970    1960    1950    1940
California:  $747    $792    $560    $484    $389    $256    $286

Click to expand...

https://www.census.gov/hhes/www/housing/census/historic/grossrents.html


Here another trivial info about house price to rent ratio you might be interested.

In a price-to-rent basis, the Case-Shiller National index is back to December 2002 levels, the Composite 20 index is back to September 2002 levels, and the CoreLogic index is back to July 2003.
In real terms, and as a price-to-rent ratio, prices are mostly back to early 2000 levels.

Click to expand...

http://www.calculatedriskblog.com/2014/09/house-prices-real-prices-and-price-to.html

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