Rent increases in Boston’s suburbs now outpace those in the city, Zillow says

Residential rents in the Boston suburbs are rising faster than rents in the city itself for the first time in four years, reflecting a trend happening across the country, according to a new report from Zillow.

Nationally, the median monthly cost of a suburban rental is up about 2.5 percent year-over-year, while the median cost of an urban rental is up 2.3 percent, the online real estate database company reported. At this time last year, the median urban rental price was up 5 percent year-over-year, while median suburban rental prices were up 3 percent.  [Read more…]