Even as rents retreated elsewhere, single-family rentals (SFR) have continued to outperform all other housing sub-types, exceeding the all-property type national average in 17 consecutive months through February 2024, according to Zillow’s Observed Rent Index (ZORI). Annual SFR rent growth has seen substantial gains in many metropolitan areas since national rent growth peaked in March 2022. In this deep dive, the Chandan Economics and Arbor Realty Trust research teams pinpoint the metropolitan areas where SFR rents are rising the fastest.
Research Reports
Single-Family Rental Investment Trends
from Arbor & Chandan Economics
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Our quarterly Single-Family Rental Investment Trends series analyzes
key developments in one of the multifamily market’s most rapidly growing sectors.
Arbor’s SFR trends reports connect recent data points with expert analysis to
detail the influence of recent trends in occupancy, rent growth, housing
demand, and other areas driving investment in the SFR market.
Single-Family Rental Archives
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More than halfway through 2023, the single-family rental (SFR) sector continues to demonstrate why it deserves the attention of multifamily investors.
More than halfway through 2023, the single-family rental (SFR) sector continues to demonstrate why it deserves the attention of multifamily investors.
More than halfway through 2023, the single-family rental (SFR) sector continues to demonstrate why it deserves the attention of multifamily investors.
Arbor’s Single-Family Rental Investment Trends Report Q1 2023, developed in partnership with Chandan Economics, explores a growing multifamily sector with a unique ability to rise above macroeconomic headwinds.
Across the country, single-family home prices continue to fall. According to the S&P/Case-Shiller U.S. National Home Price Index, prices have fallen an average of 3.6% between June and November 2022. While SFR assets are not immune from downside housing market pressures, there are countercyclical features of the sector that are
Broadly, the single-family housing market has reached an inflection. The 30-year fixed rate mortgage averaged 5.6% in the third quarter of 2022 and then accelerated to eclipse 7.0% in October for the first time since 2002.