Single-family Rental: Rent and Vacancy Dynamics - Metros with low vacancy rates have faster rent growth

The single-family rental stock has grown by more than one-third over the past decade, and today there are as many rental homes in single-family properties as there are in large rental apartment buildings.

Riverside-San Bernardino-Ontario Experienced the Highest Year-Over-Year Rent Growth in September

• Overall Index pulled down by high-end segment
• Rent prices may be showing some early impacts of Hurricane Harvey
• Of 20 select metros analyzed, San Francisco and Miami were the only two to experience a decrease in single-family rent prices in September

National single-family rent prices climbed steadily between 2010 and 2017, as measured by the CoreLogic Single-Family Rent Index (SFRI). However, the Index shows year-over-year rent growth has decelerated slowly since it peaked early last year

San Diego had the highest year-over-year rent growth in August

• National rent growth decelerated in August 2017 compared with August 2016
• Low-end rent growth was almost double high-end rent growth
• Overall Index Pulled Down By High-End Segment

Single-family rents climbed steadily between 2010 and 2016, as measured by the CoreLogic Single-Family Rental Index (SFRI). However, the index shows year-over-year rent growth has decelerated slowly (Figure 1) since it peaked early last year.

Overall Index Pulled Down By High-End Segment

• National rent growth decelerated in July 2017 compared with July 2016
• Low-end rent growth more than doubled high-end rent growth
• Phoenix had the highest year-over-year rent growth in July

Single-family rents, as measured by the CoreLogic Single-Family Rental Index (SFRI), climbed steadily between 2010 and 2016. However, the index shows year-over-year rent growth has decelerated slowly (Figure 1)

While some consumers might question the safety of investing in real estate, purchasing rental property is traditionally a fortuitous opportunity and long-term investment for buyers and property owners. And, for those willing to take the plunge, there are several highly sought-after markets throughout the country that may offer strong and sound real estate investments—either through a traditional home purchase or buying a rental property.

• National rent growth decelerated in June 2017 compared with June 2016
• Low-end rent growth more than doubled high-end rent growth
• Orlando had the highest year-over-year rent growth in Q2

A Step-by-Step Guide to Finding a Great Tenant

Whether you have purchased your first rental property or are a seasoned investor, you should know that the most important part of the entire process is screening potential tenants. Because your tenant will occupy one of the largest investments you could ever make, you’ll want to ensure that he or she will not only meet their financial obligations, but also take good care of your property.

—Enhanced website assists in identifying optimal tenants—