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【World Property Journal】Single Family Rent Price Growth Triples Over Last Year in U.S.

【World Property Journal】Single Family Rent Price Growth Triples Over Last Year in U.S.

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Based on CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, shows a national rent increase of 10.9% year over year, up from a 3.2% year-over-year increase in October 2020.

Rent prices continued their strong upward movement into the fourth quarter of the year as vacancy rates remained near 25-year lows. Tight inventory in the for-sale market has also displaced many potential buyers and forced more demand into single-family rentals as their next best option.

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