According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices are experiencing slower growth in key rental metros which all experienced population spikes during the pandemic. According to their report, annual U.S. rent growth registered a 2% increase in September, continuing a slowing trend that began in early 2024 but is well below the average annual rent growth of 3.5% that occurred in the decade prior to the pandemic.
“Single-family annual rent growth slowed in September to the lowest rate in over four years, and monthly rent growth posted a second month of below-seasonal trend growth, making it clear that single-family rent growth is decelerating…While about one-third of metros showed stronger rent growth than in the previous year, more metros showed decreases in rents than in the prior report…” Said CoreLogic Principal Economist Molly Boesel.
Click here to read the full report at CoreLogic.
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Written by: Brad Beckett