Housing Market
Rent Prices Dip Nationally, But Rise in Key Markets
Realtor.com®’s March 2024 Rental Report shows a $5 annual drop in the median U.S. asking rent to $1,722—up $14 from the previous month.
May 2, 2024
Realtor.com®’s March 2024 Rental Report shows a $5 annual drop in the median U.S. asking rent to $1,722—up $14 from the previous month.
A new Redfin report shows the U.S. asking rent dropped for the third consecutive month, falling 0.8% year over year in December 2024 to $1,964. By region, asking rents rose in the Midwest and Northeast; they fell in the West and South.
A new report from Redfin shows the median U.S. asking rent for August at $2,052—$2 less than the record high set one year earlier. Despite near-record rents, landlords in some parts of the U.S. are offering concessions to attract renters as vacancies rise.
Realtor.com released its May Rental Report, which shows a 0.5% annual decline in the median asking rent—particularly for two-bedroom units—and economists predict continued rent declines, with an average drop of -0.9% for 2023.
Growth in asking rents slowed for the second-straight month, according to a new Redfin report. Here’s what you need to know. \
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