Rents for single-family homes 41% higher than prepandemic rents, Zillow reports
6 Articles
6 Articles
Feeling the Squeeze? Single-Family Rental Costs Skyrocket as Mortgage Rates Lock Buyers Out!
SEATTLE, WA — Single-family rental homes have emerged as the standout trend in the U.S. housing market, with rents now 20% higher than multifamily apartments, according to a new report from Zillow®. This marks the largest disparity on record, driven by strong demand for larger living spaces and limited new construction for detached homes. While apartment rents have remained relatively stable due to a surge in multifamily construction, rents for …
Phoenix BTR Rents Nearly 50% Higher Than Apartments - Connect CRE
In Phoenix, single-family rentals are 46% above the cost for apartments, that’s according to a Zillow survey of major USA metro areas. While high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. The Phoenix-metro area leads the nation in the build-to-rent (BTR) sector. Zillow’…
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