Single-Family Rental Growth Rate in U.S. Doubles Annually in April

Source: The World Property Journal — 

CoreLogic’s latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020.

While rent growth dipped significantly last April at the start of the pandemic, rising affordability issues and supply shortages in the for-sale housing market and ongoing demographic pressure from aging millennials have continued to place upward pressure on the single-family rental market — leading to the largest annual rent price increase in nearly 15 years in April 2021.