Annual U.S. rent growth registered a 2% increase in September, continuing a slowing trend that began in early 2024 but is well below the average annual rent growth of 3.5% that occurred in the decade prior to the pandemic. High-end price growth (2.6%) slightly outstripped low-end gains, a sign that some renters are leveraging advantageous economic conditions to upgrade – including wages that are up buy 40% since last September.
Click here to read CoreLogic’s full SFRI report with September 2024 data, which features commentary from Principal Economist Molly Boesel.
All archived SFRI reports are available at this home page, while regular housing market reports and blog posts from CoreLogic’s Office of the Chief Economist can be found here.
