http://Living Life Happier/ ([identity profile] living life happier) wrote in [community profile] davis_square2014-04-09 03:23 pm
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Rent raise limits?

My landlord is raising my rent more than 7% for the next year. Is there any state or city limit on the amount a landlord can raise the rent? I'm in Davis Square. Thanks for any help you can give!

[identity profile] smoterh.livejournal.com 2014-04-10 01:38 pm (UTC)(link)
The real estate prices alone have gone up 11% in 1 year alone in somerville. 7% is actually a very modest increase. http://www.zillow.com/somerville-ma/home-values/

[identity profile] daviscubed.livejournal.com 2014-04-10 02:16 pm (UTC)(link)
Zillow does provide rent prices about 2/3 down that link, but it's seems to be a pretty volatile market.

Arbitrary endpoints:
Feb 2013-Feb 2014: $2286->$2352, a 2.9% increase
Nov 2011-Nov 2013: $2030->$2411, an 18.8% increase