Submitted by whitemice on Sat, 11/01/2025 - 12:41
Recent data (up through September 2025) demonstrates a softening of rent growths. Rents increased 3% in 2024 - 2025 after a growth of 4% in 2023 - 2024 and a growth of 3% in 2022 - 2023; this is significant decline in growth from the inflationary years of 2020 - 2022 with growth rates of 12% and 10% respectively.
| Year |
2015-09 |
2016-09 |
2017-09 |
2018-09 |
2019-09 |
2020-09 |
2021-09 |
2022-09 |
2023-09 |
2024-09 |
2025-09 |
| Rent |
$891 |
$960 |
$1,036 |
$1,081 |
$1,129 |
$1,182 |
$1,321 |
$1,448 |
$1,497 |
$1,562 |
$1,606 |
| Increase $ |
- |
+$69 |
+$76 |
+$45 |
+$48 |
+$53 |
+$139 |
+$127 |
+$49 |
+$65 |
+$44 |
| Increase % |
- |
+8% |
+8% |
+4% |
+4% |
+5% |
+12% |
+10% |
+3% |
+4% |
+3% |
% Change
 |
Rents
 |
Submitted by whitemice on Wed, 09/06/2023 - 07:36
Submitted by whitemice on Mon, 09/04/2023 - 18:09
Time to check the data again.
Rents
ZORI (Observed Rents)
A 12 month increase (July 2022 - 2023), for Grand Rapids, of $91/mo (+6.24%). The observed rent for Grand Rapids in July 2023 was $1460/mo.
Submitted by whitemice on Sun, 09/18/2022 - 21:24
The ZORI
The ZORI is the Zillow Observed Rent Index. Zillow provides a variety of data at their Data page.
Submitted by whitemice on Mon, 04/26/2021 - 13:13
Preamble: I'm going to start a new thing called the "Data Point" where I quickly put up a particular point of data. This is the first. There is a lot of data, there is a constant stream of data. And there is a lot of conversations. Sometimes these two streams do not appear to intersect. So: the Data Point. You provide the context and the narrative, but start with data.
