Single-Family Rents Up in July – NMP
Industry News

Single-Family Rents Up in July

Sep 18, 2018
ingle-family rents increased by 2.9 percent year-over-year in February, according to new data from CoreLogic

The price on single-family rental units increased by three percent in July compared to 2.7 percent in July 2017, according to new data from CoreLogic.
 
High-end rentals—properties with rent prices greater than 125 percent of a region’s median rent—were up 2.7 percent year-over-year in July, whereas this property sector only saw a gain of 1.9 percent in July 2017. Rent prices among low-end rentals—properties with rent prices less than 75 percent of the regional median—were up by 3.9 percent in July, compared to a gain of 4.3 percent in July 2017.
 
Among the nation’s 20 largest metro areas, Orlando had the highest year-over-year increase in single-family rents in July at 6.4 percent, followed by Las Vegas at 5.7 percent and Tucson, Ariz., at 4.2 percent. Seattle had the lowest rent price increase in at 1.1 percent.
 
“Single-family rents were quick to respond to the late-summer hurricanes in 2017 with increased rental demand showing up in higher rents in just one-two months after the disasters,” said Molly Boesel, CoreLogic Principal Economist. “Similar movements in rents could be seen in metro areas affected by Hurricane Florence in the following months.”
 
About the author
Phil Hall
Link copied
Published
Sep 18, 2018
Get the NMP Daily
Industry News
Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Continue reading
Analysis and Data
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026
MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News
Sep 22, 2026