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Home Rents Continue to Rise in Q1 2024: 75% of U.S. Cities Experienced Year-Over-Year Rent Increases16% of the cities analyzed experienced double-digit rent increases BOSTON, April 15, 2024 /PRNewswire/ -- Rentometer has released their Q1 2024 rent report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects rent data for all residential real estate asset classes, but this report is focused on SFRs because they are one of, if not the most, active asset classes today. The Q1 '24 report covers 755 cities that had at least 25 data points for Q1 '23 and Q1 '24. Rentometer's president, Mike Lapsley, commented that "we have increased our coverage and monitoringof the SFR market as the activity and interest in this particular market has escalated over the last few years." The Q1 '24 report covers 755 cities that had at least 25 data points for Q1 '23 and Q1 '24. It includes an analysis of year-over-year change in average rent prices by city for the first quarter. Highlights from the report are as follows:
Notable rent price changes across major U.S. cities:
View the full report from Rentometer to view the complete list of updated rent data. About Rentometer, Inc. View original content to download multimedia:https://www.prnewswire.com/news-releases/home-rents-continue-to-rise-in-q1-2024-75-of-us-cities-experienced-year-over-year-rent-increases-302115756.html SOURCE Rentometer, Inc. |