Housing Market
Median U.S. Rent Falls for the Third Straight Month as the Vacancy Rate Climbs to 6.6%
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.
January 9, 2024
