Single-family rents reach record high, 20% above apartments

Jan 22, 2025 · Detroit has the smallest delta percentage at 9%, and Pittsburgh — where single-family construction has boomed over the past five years — had a low 14% difference. Rents are sticky, but concessions keep rising Despite the general surge in apartment construction, rents …

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Single-family Rents Reach Record High, 20% Above Apartments

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Single-family Rents Reach Record High, 20% Above Apartments

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Rented single-family homes are the housing market's big standout right now, with costs 20% higher than that of a typical multifamily apartment, according to the latest market report 1 from …

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Single-Family Rents Surge To Record Highs, Outpacing Multifamily

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Zillow Group Inc (ZG, Financial) has released its latest market report, highlighting a significant rise in single-family home rents, which are now 20% higher than multifamily apartment rents.This …

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Single-family Rents Reach Record High, 20% Above Apartments

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Jan 22, 2025 · Single-family rents are up 41% since before the pandemic, compared to 26% on multifamily rents. Single-family rentals hold a 59% price premium over multifamily units in Salt …

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Single-Family Rents Are 20% Above Multifamily Rents

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Jan 22, 2025 · Single-family rental (SFR) prices are still outpacing multifamily rents, with the gap reaching a record 20% in December, per GlobeSt. The demand for SFRs remains high, fueled …

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Zillow: Single Family Rents Record High - 20% Above Multifamily

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Market Insights. A recent market research report from Zillow has revealed that single-family home rental costs have surged significantly, now averaging around $350 more each month …

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Rent Growth Is Faster For Single-family Homes Than Apartments

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Jan 22, 2025 · Zillow analyzed the 50 largest U.S. metro areas and found that the typical asking rent for a single-family home reached $2,174 per month in December. That figure was up …

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Rentometer: Rentometer National Single-Family Rentals Report: …

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Jan 20, 2025 · Rent Growth Slows: Average single-family rents rose to $2,357, but annual growth slowed to 0.8%, the smallest increase in years. Vacancies Hit Record Highs: Vacancy rates …

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Rents For Single-family Homes 41% Higher Than Prepandemic Rents …

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Jan 24, 2025 · Rents for apartments have grown at a slower pace; High mortgage rates have kept homes unaffordable; The median age of renters has risen to 42 — Rents for single-family …

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Single-family Rents Reach Record High, 20% Above Apartments

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Jan 22, 2025 · Zillow's latest market report reveals single-family home rents have reached a record high, costing about 20% more than typical multifamily apartments. Single-family rents …

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Single-Family Rents Climb To Record High - The MortgagePoint

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Jan 22, 2025 · Measuring Single-Family Rents: Single-family rents are now up 4.4% from last year. The typical asking rent for single-family homes was $2,174 in December, up 0.1% month …

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Single-family Rents Reach Record High, 20% Above Apartments - PR …

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Jan 22, 2025 · Rents for single-family homes are up 41% over pre-pandemic norms; multifamily rents have risen 26% in that time. Concessions are being offered on two out of every five …

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Single-family Rentals Hit Record High Prices, '41% Over Pre …

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Jan 24, 2025 · Single-family home rentals have reached a record high of 41% above pre-pandemic prices, rising to 20% more than multi-family apartment rentals, according to report …

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Apartment List National Rent Report

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Jan 27, 2025 · Rents are down 0.2% year-over-year, down 0.5% year-over-year. Rent growth follows a seasonal pattern – prices tend to go up during the spring and summer and dip during …

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Single-Family Rental Rent Growth Slowed Down In October

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Dec 23, 2024 · Annual single-family rent growth dropped to 1.7% in October, its lowest level since June 2020, and below the decade-long average of 3%. Some markets saw above-average …

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FAQs about Single-family rents reach record high, 20% above apartments Coupon?

Are single-family homes more expensive than multifamily apartments?

(NewsNation) — Rents for single-family homes have risen 41% over prepandemic prices, with multifamily rents rising 26% in the same time frame, according to real estate company Zillow. A market report from Zillow found that single-family homes cost 20% more to rent than multifamily apartments, the largest difference the company has ever recorded. ...

Are single-family rents up 4% compared to last year?

Single-family rents are now up 4.4% from last year. Single-family rents fell, on a monthly basis, in 20 major metro areas. The largest monthly drops in single-family rents were in Salt Lake City (-1.2%), Boston (-0.8%), Buffalo (-0.6%), Denver (-0.5%), and Virginia Beach (-0.4%). ...

How has the apartment market impacted single-family rents?

While the apartment market has suffered due to a glut of new units coming to market—resulting in high vacancy rates and pricing pressure—these dynamics have also begun to impact single-family rents. ...

How did the single-family rental market perform in the last quarter?

While the beginning of the year signaled another period of strong rent price increases for the single-family rental market, the pace of growth dwindled as the year progressed, ending in negative territory during the last quarter with rents dropping by 0.21% compared to the same period in 2023. ...

What is the average asking rent for a single-family home?

The typical asking rent for single-family homes was $2,174 in December, up 0.1% month-over-month. Since the beginning of the pandemic, single-family rents have increased by 40.6%. Single-family rents are now up 4.4% from last year. Single-family rents fell, on a monthly basis, in 20 major metro areas. ...

Where did single-family rents fall?

Single-family rents fell, on a monthly basis, in 20 major metro areas. The largest monthly drops in single-family rents were in Salt Lake City (-1.2%), Boston (-0.8%), Buffalo (-0.6%), Denver (-0.5%), and Virginia Beach (-0.4%). Single-family rents rose from year-ago levels in all of the 50 largest metro areas. ...