Single-Family Rent Prices are Surging at a Record Rate, Led by Homes in Sun Belt Cities like Miami and Phoenix
March 22, 2022
Article by: Diana Olick
- Demand for single-family rental homes is soaring, pushing prices to record highs, as Americans continue to want larger homes with outdoor spaces.
- Single-family rents gained a record 12.6% year over year in January, according to a new report from CoreLogic. That compares to an increase of 3.9% in January 2021.
- Single-family rents soared 38.6% in Miami, up from just 2% the previous January.
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