Residential rental costs in the
Riverside metropolitan area jumped almost 50% over the past decade,
trending in line with neighboring urban locations, according to
figures released today by a real estate tracking firm.
Seattle-based Zillow crunched data on
lease costs borne by residents in 50 large metro areas nationwide,
all of which recorded double-digit percentage increases in rents paid
between the start of 2010 and October of this year.
In the Riverside metropolitan area,
which encompasses all of northwest Riverside County and lower
segments of San Bernardino County, an aggregate $63.1 billion was
paid in residential rent during the data period, according to Zillow.
That represented a 49.7% jump in
composite rental expenditures compared to the previous decade,