San Diego’s rent may not be as daunting this year.
According to a study released Friday by Zillow, rent is expected to only grow by 1.4 percent this year, down from a 4.1-percent increase last year.
Zillow lists the rent index for San Diego at $2,348, compared to $2,316 in 2015.
Other cities in California didn’t get off so easy. San Francisco is predicted to see a nearly 6-percent rent increase and rent in its Bay Area counterpart, San Jose, is expected to go up by a whopping 7.8 percent.
In Los Angeles, rent is expected to increase by a modest 2.8 percent.
While the rent increase is cooling, home values in San Diego ($499,900) are still more than double the average for the country ($183,500).
Zillow said on its site that apartment and housing development projects nationwide are helping meet the rental demand, which has contributed to the slowing.
