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

5. Indianapolis, Ind.

Change in rent: +11.1 percent
Change in sales price: +1.7 percent
Price drop from peak: -6.6 percent
Job growth, 1 year: +1.49 percent

Of the 100 metro regions examined by Trulia, home prices in Indianapolis had the second-smallest decline during the recession, losing just 6.6 percent of total value. In the past year, job growth was roughly 1.5 percent, above average for the cities on the list. Compared to rents, asking home prices increased to a much lesser extent of just 1.7 percent, the 32nd-largest rise among the cities examined. According to Realtor.com, list prices as of April 31 were among the lowest in the U.S.

(iStock Photo)

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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