Single-Family Rental Investment Snapshot – July 2026

The single-family rental (SFR) sector continued to demonstrate resilience through early 2026, supported by stable occupancy, positive rent growth, and improving capital markets activity.
Occupancy in the sector held near its long-run average in the first quarter, while annual rent growth remained positive nationally and in every one of the 50 largest U.S. metro areas. SFR investment fundamentals adjusted upward. Cap rates rose again in the first quarter, marking their 10th consecutive quarterly increase, and are up more than two percentage points since 2021. As cost-of-living pressure persisted last quarter, homeownership affordability continued to strengthen nationwide rental demand.
Access more details in our latest Single-Family Rental Investment Trends Report.

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