Year-over-year single-family rent growth held steady across the county in July, with a 2.8% gain, but that remains below average pre-pandemic levels. It also was a 0.1% decrease from June 2024, according to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes across the country and in major metropolitan areas.

Prior to the pandemic, single-family rent growth averaged 3.4% annually for nearly a decade.

Rents increased more steeply for high-end properties, up 2.9% year over year in July compared with a 1.8% year-over-year increase in July 2023. Meanwhile, low-end rent prices dropped 0.2% year over year in July, a notable reversal from 4.2% growth seen in July 2023. Rent growth for detached rentals was 2.6% in July, while attached rentals saw rents rise slightly higher, to 2.8%, according to the report.