Those wishing to live in a single-family home found the price to rent one roughly $825 per month less than to buy one, based on a standard mortgage payment, according to a new report from Northmarq.

This is a spike of approximately $275 per month from the same period at the end of 2022.

Vacancy rates for single-family rentals were elevated throughout much of 2023, Northmarq reported, peaking at 8 percent during Q1 and ending the year at 7.8 percent.

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