【Word Property Journal】Single-Family Rents Rise 3 Percent Annually in U.S.

CoreLogic's newly released Single-Family Rent Index (SFRI) -- which analyzes single-family rent price changes nationally and among 20 U.S. metropolitan areas -- shows a national rent increase of 3 percent in September 2019, which remained flat in comparison to September 2018.

Low rental home inventory, relative to demand, fuels the growth of single-family rent prices. The SFRI shows single-family rent prices have climbed between 2010 and 2019. However, overall year-over-year rent price increases have slowed since February 2016, when they peaked at 4 percent, and have stabilized around 3 percent since early 2019.

September marked the 65th consecutive month in which low-end rentals propped up national rent growth. Rent prices among this tier, defined as properties with rent prices less than 75 percent of the regional median, increased 3.8 percent year over year in September 2019, the same as in September 2018. Meanwhile, high-end rentals, defined as properties with rent prices greater than 125 percent of a region's median rent, increased 2.9 percent in September 2019, up from a gain of 2.5 percent in September 2018.
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