Zillow: Renters paid $441 billion in rent in 2014 via HousingWire

he rent may indeed be “too damn high,” but it’s only going up, according to a new report from online real estate listing service Zillow (Z).

According to new analysis from Zillow, U.S. renters paid $441 billion in rent in 2014, up $20.6 billion from 2013’s total of $420.4 billion. That represents an increase of 4.9%.

Among the largest 25 metro areas covered by Zillow’s data, the three metro areas where rents rose the most were San Francisco, where the average rent payment rose by 13.5% or $163 per month; Denver, where the average rent payment rose by 10.8% or $86; and Pittsburgh, where the average rent payment rose by 10.6% or $56.

Read more...Zillow: Renters paid $441 billion in rent in 2014 | 2014-12-30 | HousingWire