CoreLogic Reports Stable Growth in U.S. Single-Family Rental Prices
According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to hold steady in June 2024, with prices posting a 2.9% gain year-over-year. In addition they report that rental prices for low-end properties were up 1.9% compared to high-end properties where rental prices increased 3.1% year over year.
“Single-family rents have been bouncing around their pre-pandemic rate of growth of about 3% this year after growing by double digits for most of 2021 and 2022. At the end of 2023, they did slow to the mid-2% range…While single-family rents are increasing at a stable rate, median rent continues to rise and has increased over $300 over the past two years” Said Molly Boesel, principal economist for CoreLogic.
Click here to read the full report at CoreLogic.