Single-family rent growth continued its torrid pace in January.
Overall single-family rents increased 3.8% year over year in January 2021. That was an increase from the 2.9% rate recorded for January 2020 and the low of 1.4% reported for June 2020, according to the CoreLogic Single-Family Rent Index.
The price increases weren't consistent across tiers, however. In fact, CoreLogic says the rent price growth of the low-price tier (rent prices less than 75% of the regional median) and high-price rent tiers (rent prices greater than 125% of a region's median rent) is reflective of a "K-shaped" recovery.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
