Rentometer published an analysis of its second quarter statistics for 2022 for three-bedroom (3-BR) homes that are single-family rentals (SFR), in which found that:
– The 96% (252 in total) of the 242 cities experienced year-over-year rent increases.
– And that 80% (202 in total) of the 242 cities analyzed experienced year-over-year rent increases greater than 10%.
Rentometer, the rental analysis site, collects data for all residential asset classes, but this report focuses on SFRs because they are one of the most active rental residential asset classes in
Rentometer President Mike Lapsley commented: “We have increased our coverage and monitoring of the SFR market as activity and interest in this particular market has increased in recent years. years“.
The report for the second quarter of 2022 covers 252 cities and towns that had at least 25 3BR homes data points in the second quarter of 2021 and the second trimester of 2022.
The Rentometer study analyzed the year-over-year change in average rental prices by city/town for the second quarter.
According to the analysis, notable rental markets with rising rents include:
– Miami, Florida (+59%)
– Buffalo, New York, (+50 %)
– Orlando, Florida, (+34%)
– Tempe, Arizona (+34%)
– Austin, Texas (+30%)
– San Antonio, Texas, ( +30%)
– Columbus, Ohio, (+27%)
– Rochester, New York, (+27%)
– Memphis, Tennessee, (+24%)
–Pittsburgh, PA, (+21%)
– San Diego, California (+21%)
– Cincinnati, Ohio, (+21%)
– Phoenix, Arizona, (+19%)
– Boise, Idaho, (+19%)
– Indianapolis, Indiana (+13%)
– Portland, Oregon, (+13%)
To consult more details about the analysis enter here .
Rentometer collects, analyzes, and distributes rental price data for multi-family and single-family homes in the United States. Property analysis is a useful tool for real estate professionals, investors, owners and tenants, for better decision making.
Single-family rentals have been one of the most active in the residential rental market During last year. With prices rising across the country, it is important to know the rental market in different areas of the country.
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