Rents nationwide continue to grow, driven by single-family rentals, and Boston is no exception.
A new report from Dwellsy found February median rents nationally rose 17.5% from last year and were up 4% from January.
Single-family rentals continue to drive rent increases across the country, according to the report, which found they were up 35% over the past 12 months, while apartments have shown a 3% increase.
Boston rents continued to grow as well, and Bean Town had the fourth-highest median rent among 400 cities Dwellsy analyzed.
Boston rents were in February were up 1% from January to $2,906. Year over year, the median rent grew 14%, which equals an extra $365 per month, according to the report.
While single-family rentals had the highest growth nationwide last month, in Boston, which has one of the largest single-family rental markets in the country, these rents only rose 7%, while apartment rents rose 17%.