Single-Family Rents Rise 3 Percent Annually in U.S.

CoreLogic's newly released Single-Family Rent Index (SFRI) which analyzes single-family rent price changes nationally and among 20 U.S. metropolitan areas shows a national rent increase of 3 percent in September 2019, which remained flat in comparison to September 2018. Low rental home inventory, relative to demand, fuels the growth of single-family rent prices. The SFRI shows single-family rent prices have climbed between 2010 and 2019. However, overall year-over-year rent price increases have slowed since February 2016, when they peaked at 4 percent, and have stabilized around 3 percent since early 2019.