According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 3.4% year over year in February 2024 – the strongest growth recorded in 10 months. CoreLogic says February’s annual rental cost increases could again signal that Americans are slowly migrating back to larger, more expensive coastal metros.
“Single-family rent growth regained strength in February, posting the highest annual appreciation since April 2023…Monthly rent growth also picked up in February and was higher than what is typically recorded in winter months. Lower-priced properties had the smallest annual rent growth in February, which should be welcome news to renters…” Said Molly Boesel, principal economist for CoreLogic.
Click here to read the full report at CoreLogic.
