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 AreaAverage Monthly One Bedroom Independent Living Unit RateYear-to-Year ChangeAverage Monthly Studio Assisted Living Unit RateYear-to-Year ChangeAtlanta-Sandy Springs-Marietta, GA$2,375-4.9%$2,941-2.0%Baltimore-Towson, MD$2,9393.1%$3,489-3.0%Boston-Cambridge-Quincy, MA-NH$3,7834.3%$3,8852.6%Chicago-Naperville-Joliet, IL-IN-WI$2,7313.5%$3,7744.3%Cincinnati-Middletown, OH-KY-IN$2,1714.6%$2,8383.8%Cleveland-Elyria-Mentor, OH$2,2485.5%$3,0874.2%Dallas-Fort Worth-Arlington, TX$2,1256.8%$2,89410.3%Denver-Aurora, CO$2,3416.1%$3,0317.0%Detroit-Warren-Livonia, MI$2,0933.2%$3,2637.1%Houston-Sugar Land-Baytown, TX$2,3436.9%$3,2141.5%Kansas City, MO-KS$2,3506.2%$3,0184.0%Las Vegas-Paradise, NV$2,55010.1%$2,91916.4%Los Angeles-Long Beach-Santa Ana, CA$3,6684.4%$2,9704.5%Miami-Fort Lauderdale-Pompano Beach, FL$2,8291.5%$2,692-0.1%Minneapolis-St. Paul-Bloomington, MN-WI$1,4848.4%$2,9040.8%New York-Northern New Jersey-Long Island, NY-NJ-PA$4,19410.0%$3,8204.7%Orlando-Kissimmee, FL$2,4653.9%$2,902-2.4%Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$2,8271.1%$3,7531.8%Phoenix-Mesa-Scottsdale, AZ$2,1711.0%$2,9344.0%Pittsburgh, PA$2,4575.9%$2,7716.6%Portland-Vancouver-Beaverton, OR-WA$2,2436.4%$2,7774.6%Riverside-San Bernardino-Ontario, CA$2,5856.6%$2,7885.3%Sacramento-Arden-Arcade-Roseville, CA$2,5392.5%$3,4544.8%San Antonio, TX$2,1784.8%$2,6714.9%San Diego-Carlsbad-San Marcos, CA$3,1680.4%$3,309-0.8%San Francisco-Oakland-Fremont, CA$3,302-2.3%$4,0981.7%San Jose-Sunnyvale-Santa Clara, CA$2,6979.7%$3,6140.7%Seattle-Tacoma-Bellevue, WA$2,7916.7%$2,7883.7%St. Louis, MO-IL$2,2615.8%$3,0069.1%Tampa-St. Petersburg-Clearwater, FL$2,4932.5%$2,9352.9%Washington-Arlington-Alexandria, DC-VA-MD-WV$3,2370.8%$4,0796.3%Source: NIC MAP Data Analysis Service