U.S. Single-Family Rents Up 2.9 Percent Year Over Year in September
Dec 18, 2017 9:29:26 AM
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 (Figure 1). In September 2017, single-family rents increased 2.9 percent year over year, a 1.5-percentage point decline since the growth rate hit a high of 4.4 percent in February 2016. The Index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Analysis is conducted nationally and for 75 Core Based Statistical Areas (CBSAs). Read More
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