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U.S. single-family rents up 3 percent year-over-year in August

Posted by   /  November 2, 2017  /  No Comments

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San Diego had the highest year-over-year rent growth in August

By Shu Chen | Corelogic

  • National rent growth decelerated in August 2017 compared with August 2016
  • Low-end rent growth was almost double high-end rent growth
  • Overall Index Pulled Down By High-End Segment

Single-family rents climbed steadily between 2010 and 2016, as measured by the CoreLogic Single-Family Rental Index (SFRI). However, the index shows year-over-year rent growth has decelerated slowly (Figure 1) since it peaked early last year. In August 2017, single-family rents increased 3 percent year over year, a 1.4 percentage point decline since the growth rate hit a high of 4.4 percent in February 2016. The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time.

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