Skip to main content

CoreLogic: Single-Family Rents Up 3.1 Percent

Feb 19, 2019
<div>Oregon is poised to make history as the first in the nation to offer a statewide rent control policy.</div>  <div>&nbsp;</div>  <div><a href="https://www.oregonlive.com/politics/2019/02/oregon-legislature-passes-nations-first-statewide-rent-control-p

Single-family rent prices recorded a 3.1 percent increase in December, according to new data from CoreLogic. This is slightly higher than the 2.9 percent increase recorded in December 2017.
 
CoreLogic determined that national rent growth was primarily fueled by low-end rentals throughout 2018. This market sector, which is defined as properties with rent prices less than 75 percent of the regional median, saw a 3.7 percent annualized increase in December, down slightly from the 3.9 percent increase from one year earlier. High-end rentals, where the rent prices are greater than 125 percent of a region’s median rent, were up 2.9 percent in December 2018; one earlier, the annualized increase was 2.5 percent.
 
Among the nation’s 20 major metro areas, Phoenix had the highest year-over-year increase in single-family rents in December with 6.9 percent, with Las Vegas close behind at 6.8 percent. Houston experienced the lowest rent increases in December, of all analyzed metros at one percent, down from 2.7 percent in 2017.
 
“Single-family rents increased an average of 3 percent in 2018, exceeding the 2.7 percent average pace experienced in 2017,” said Molly Boesel, Principal Economist at CoreLogic. “The strengthening in rent prices reflects strong economic and labor markets. However, low-end rental increases outpaced high- end increases for the fifth consecutive year, suggesting continued supply constraints on the lower end.”

 
About the author
Published
Feb 19, 2019
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Jun 16, 2025
Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Jun 13, 2025
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next

Housing Market Outlook: Brighter Days To Come

NAR Chief Economist Yun calls lower mortgage rates ‘magic bullet’ to boost home sales

Jun 11, 2025
Redfin Shareholders Say Yes To Acquisition By Rocket

Nearly 99% of Redfin shareholders vote to approve merger, though fewer vote yes to compensation for company’s execs

Jun 10, 2025
Play Ball: Ishbias Could Add Another Team To Their Roster

Justin Ishbia in agreement to potentially take over as owner of Chicago White Sox — but not for several years yet

Jun 09, 2025