If you follow the Princeton rental market, you’ve been hearing a lot in the news lately about limited rental vacancies and rental rates that are quickly rising. It’s true. According to real estate website Trulia, U.S. rents rose an average of 5.4 percent over the 12 months ended June 30.
At the same time, the number of renters has increased due to the economic and employment challenges of the past several years. As a result, the market has swung in favor of landlords, and renters have been left with higher rents and a lack of move-in incentives such as a month’s rent free and other concessions.
In Princeton rental homes have closed on average 7% over their original asking price YTD in 2012.
Here are a list of Princeton rental to take a look at. Good luck with your search!
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