National median rents reach $1,403 in the U.S : Zillow
The median U.S. home value climbed to a Zillow Home Value Index (ZHVI) of $193,800 in December, up 0.6 percent from November and 6.8 percent from the end of 2015, according to the December Zillow Real Estate Market Reports.
National home values have grown year-over-year for 53 straight months, and the annual appreciation recorded in December was the fastest such pace since July 2006. After stabilizing somewhat at the end of 2015 and into the start of 2016, the annual pace of national home value appreciation has accelerated in each of the past seven months compared to the month prior.
At the same time, median U.S. rents in December were unchanged from November and up just 1.5 percent from the end of 2015, to a Zillow Rent Index (ZRI) of $1,403 per month. At $1,403 per month, national median rents are exactly where they were in April. Essentially, over the final three quarters of 2016, rents flattened and home value growth accelerated.