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 In the general Poconos region rents are increasing a little bit each month, but what we are seeing is the supply is also increasing - real estate investors are buying Poconos rental foreclosures and renting them out, those that are trying to sell their properties can not so they are renting them out. So as we are seeing the demand for rentals increase, the supply is also increasing by just as much - which in turn is a slight increase in rent.
The nearby NJ rental market is a good indication of what will happen next in for Poconos House rentals. Many realtors always compare what is happening in cities like Hackettstown when talking about what is going to happen in The Poconos rental market.
 Stroudsburg and East Stroudsburg have done a lot with the downtown area in the past eight years. Especially with the addition of many new shops, restaurants, art galleries and nightclubs. This change makes renting near the downtown areas much more desirable. There are also more and upgraded rentals being added in these areas.
Since home prices have settled from their highs, rent prices have been rising in many locations around the Poconos. Poconos rental properties are now back in fashion again. |
