In The News – Rental housing statistics show an increase in rental rates.
Real Property Management, the nation’s leading property management organization, and RentRange, the nation’s leading provider of Rental Market Intelligence™, together release “Rental Housing Statistics” that shows national rental home rates are rising.
Through the first quarter 2015, the companies reveal that the average monthly rent for single-family homes was $1,286, representing a 5.4 percent year-over-year increase. The rental market data was limited to three-bedroom single-family homes in the U.S.
Continue reading the report here via Real Property Management Newsroom.
The data recorded showed rates are up in all regions, with the Pacific being one of the largest increases. The average percent of homes in the Pacific that are unoccupied has been lowered. With that said, It’s a great time to invest in the rental housing market.
View the “Rental Housing Statistics” in larger format.
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