A new CoreLogic report says that single-family rentals saw "slow and steady" rent growth in August. Overall, it was 2.4% year-over-year, the lowest rate recorded since the fall of 2023.
Typically, rents in the asset type are up 0.3% month over month in August, but this year they increased only 0.2%. However, it's still up by a third since the pandemic.
The firm categorizes SFRs into two different category groups. The first is attached and detached; the second comprises four price tiers: lower-priced (75% or less of regional median), lower-middle (75% to 100% of regional median), higher-middle (100% to 125% of regional median), and higher-priced (125% or more of regional median).
Source: globest.com
