Lake Forest Got the Biggest Rent decrease in Orange County

The tenznts in Lake Forest got the biggest rent decrease in Orange County on average. The tenants in the Lake Forest got an average of $173 a month off their rent during the fourth quarter of 2009. That is an average rent cut of 11.4 percent according to apartment tracker RealFacts.




The average rent in the city is $1,347 a month compared with $1520 in the fourth quarter of 2008.



The $173 cut compares with an average decrease of $105 in the USA. The statistics show that all 23 cities have decreases in rents.



The other cities high on the list of rent reductions are Brea, Aliso Viejo, Orange, Placentia and Fullerton. However, Newport Beach had the most stable rents with only a $43 per month drop.



If you are tired of paying rent to someone, it is the perfect time to buy.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!