Landlords Charging More for Single-Family Rentals
Rents for single-family homes jumped 2.9% year over year in March, according to the CoreLogic Single-Family Rental Index. The index measures rent changes among single-family rental homes, including condos.
Rents for lower-priced homes are increasing at a faster clip than those of higher-priced homes. Low-end rentals are defined as properties with rents 75% or less than the region’s median rents.
Rents on lower-priced homes rose 3.5% year over year, while rents for higher-priced homes (properties with rents more than 125% of the regional median rent) rose 2.4% year over year, the study showed.
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