Rental Rates for Retirement Communities

Despite weak economy and higher vacancies, most rental rates went up in 2008.

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Rental Rates in Independent and Assisted-Living Facilities at the End of 2008

Metropolitan Area Average Monthly One Bedroom Independent Living Unit Rate Year-to-Year Change Average Monthly Studio Assisted Living Unit Rate Year-to-Year Change
Atlanta-Sandy Springs-Marietta, GA $2,375 -4.9% $2,941 -2.0%
Baltimore-Towson, MD $2,939 3.1% $3,489 -3.0%
Boston-Cambridge-Quincy, MA-NH $3,783 4.3% $3,885 2.6%
Chicago-Naperville-Joliet, IL-IN-WI $2,731 3.5% $3,774 4.3%
Cincinnati-Middletown, OH-KY-IN $2,171 4.6% $2,838 3.8%
Cleveland-Elyria-Mentor, OH $2,248 5.5% $3,087 4.2%
Dallas-Fort Worth-Arlington, TX $2,125 6.8% $2,894 10.3%
Denver-Aurora, CO $2,341 6.1% $3,031 7.0%
Detroit-Warren-Livonia, MI $2,093 3.2% $3,263 7.1%
Houston-Sugar Land-Baytown, TX $2,343 6.9% $3,214 1.5%
Kansas City, MO-KS $2,350 6.2% $3,018 4.0%
Las Vegas-Paradise, NV $2,550 10.1% $2,919 16.4%
Los Angeles-Long Beach-Santa Ana, CA $3,668 4.4% $2,970 4.5%
Miami-Fort Lauderdale-Pompano Beach, FL $2,829 1.5% $2,692 -0.1%
Minneapolis-St. Paul-Bloomington, MN-WI $1,484 8.4% $2,904 0.8%
New York-Northern New Jersey-Long Island, NY-NJ-PA $4,194 10.0% $3,820 4.7%
Orlando-Kissimmee, FL $2,465 3.9% $2,902 -2.4%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $2,827 1.1% $3,753 1.8%
Phoenix-Mesa-Scottsdale, AZ $2,171 1.0% $2,934 4.0%
Pittsburgh, PA $2,457 5.9% $2,771 6.6%
Portland-Vancouver-Beaverton, OR-WA $2,243 6.4% $2,777 4.6%
Riverside-San Bernardino-Ontario, CA $2,585 6.6% $2,788 5.3%
Sacramento-Arden-Arcade-Roseville, CA $2,539 2.5% $3,454 4.8%
San Antonio, TX $2,178 4.8% $2,671 4.9%
San Diego-Carlsbad-San Marcos, CA $3,168 0.4% $3,309 -0.8%
San Francisco-Oakland-Fremont, CA $3,302 -2.3% $4,098 1.7%
San Jose-Sunnyvale-Santa Clara, CA $2,697 9.7% $3,614 0.7%
Seattle-Tacoma-Bellevue, WA $2,791 6.7% $2,788 3.7%
St. Louis, MO-IL $2,261 5.8% $3,006 9.1%
Tampa-St. Petersburg-Clearwater, FL $2,493 2.5% $2,935 2.9%
Washington-Arlington-Alexandria, DC-VA-MD-WV $3,237 0.8% $4,079 6.3%

Source: NIC MAP Data Analysis Service