According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to experience slower growth, increasing 1.8% in December, 2024. They say this marks the lowest annual growth rate in about four years. In addition, CoreLogic says price growth for high-end rentals was 2.4% year over year in December as this market continues to outpace low-end rentals.
“Single-family rent growth averaged 2.6% in 2024, below the 2010-2020 average of 3.5% when rents were growing at a fairly steady rate. Growth was frontloaded and slowed throughout the year…Though increases were moderate, rents continue to increase, with an average increase of about $100 per year for the past five years.” Said CoreLogic senior principal economist Molly Boesel.
Click here to read the full report at CoreLogic.
