Single-Family Rent Prices Up 2.9 Percent – NMP Skip to main content

Single-Family Rent Prices Up 2.9 Percent

Aug 20, 2019
Photo credit: Getty Images/ablokhin

The national average single-family rent price increased 2.9 percent in June, slightly lower than the three percent increase of June 2018, according to new data from CoreLogic. This marked the first deceleration in annual national rent prices since November 2017.
 
Low-end rentals fueled much of the national rent increases, with a 3.6 percent year-over-year growth in June. This was down from a gain of 3.8 percent in June 2018. High-end rentals saw a 2.7 percent gain in June, unchanged from the previous year. Among the nation’s 20 largest metro markets, Phoenix had the highest year-over-year increase in single-family rents in June with a 7.1 percent spike, followed by Tucson at 6.8 percent and Las Vegas at 5.8 percent. Miami had the lowest rent increase with 1.1 percent.
 
“Increases in single-family rent across the country are fueled by increases in the number of renter households,” said Molly Boesel, principal economist at CoreLogic. “While the number of households grew overall in the United States through June, the growth was higher for renter households than for owner households, helping buoy demand for single-family rentals.”

 
About the author
Published
Aug 20, 2019
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026