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Rents are increasing at a faster rate, even as home value appreciation cools

Rent prices increased at their fastest rates in 10 months in February — a sign that the break renters got last year from rising housing costs may be over.

The median monthly rent nationwide was $1,472 in February, up 2.4% from $1,438 a year ago, according to a report released this week by real-estate firm Zillow ZG, -1.54% That equates to $400 per year in housing-related expenses for the average renter.

Landlords are now coming to terms with the fact that rent cannot grow faster than income forever.

—Jeff Tucker, Zillow economist

Rent growth in Portland, Ore.

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