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24/7 Wall St.: 6 Cities Where Rents Are Skyrocketing

6. Colorado Springs, Colo.

Change in rent: +10.2 percent
Change in sales price: +4.3 percent
Price drop from peak: -11 percent
Job growth, 1 year: +0.53 percent

Colorado Springs has experienced only a modest increase in jobs in the past year, yet rent in the region increased 10.2 percent in the 12 months ending April 31 — the sixth-largest increase among the 100 metropolitan areas the agency examines. Home prices also increased over the same period by 4.3 percent. According to, the number of listings in the area fell more than 25 percent in the past year, perhaps partly explaining the price increase.

(AP Photo/David Zalubowski)

More From 24/7 Wall Street:
The States With The Most Homes In Foreclosure
The Ten Most And Least Affordable Cities To Buy A Home
Nine Countries Where Unemployment Does Not Exist

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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