U.S. annual single-family rent growth was 2.8% in December 2023 according to CoreLogic’s monthly Single-Family Rent Index (SFRI). This was the highest rate recorded since the summer but generally in line with pre-pandemic numbers. More expensive rental markets saw some of the highest increases, led by San Francisco at 6.2%. CoreLogic expects that national year-over-year rental cost growth will stay between 2% and 4% throughout 2024.
Click here to read CoreLogic’s full December 2023 SFRI report, which features commentary from Principal Economist Molly Boesel and Chief Economist Selma Hepp.
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.
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Robin Wachner
CoreLogic
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