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Rent Prices Have Dropped in These 9 Formerly Hot Markets

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Rent Prices Have Dropped in These 9 Formerly Hot Markets


You may have heard or seen firsthand how fast home prices have risen. In January, home value appreciation was 9.1% higher than one year prior, the largest annual increase since 2006, according to new data from Zillow. Perhaps less known is this: The cost of renting is affected, too. But unlike with home prices — rising across most of the country — rents are up in some cities and down in others.

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