Skip to main content

Nationwide Rent Prices Up 2.9 Percent

Phil Hall
May 21, 2019
Photo credit: Getty Images/CharlieAJA

Single-family rent prices were up nationwide by 2.9 percent year-over-year in March, according to data from CoreLogic. This is slightly higher than the 2.7 percent year-over-year increase recorded in March 2018.
 
National rent growth was fueled by low-end rentals, which saw a 3.5 percent year-over-year rise. High-end rentals only saw a 2.4 percent uptick. Among the nation’s 20 largest metro areas, Phoenix had the highest year-over-year increase in single-family rents at 7.4 percent, followed by Las Vegas at 6.9 percent and Tucson, Ariz., at 6.3 percent, with Miami experiencing the lowest year-over-year rent increase at 0.4 percent, its lowest year-over-year rent growth since December 2017.
 
“Single-family rents strengthened in the first quarter of 2019 compared with the same period a year ago,” said Molly Boesel, principal economist at CoreLogic. “The lowest unemployment rate in 50 years, combined with strong housing demand, have contributed to increasing rents across the country.”

 
Published
May 21, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021