March 2023 rents down on 23% of houses, same on 29% of houses, up on 48% of houses

March 2023 Home Rents Down On 23 Of Homes Same On 29 Of Homes Up On 48 Of Homes John Burns Real Estate Consulting Via The Basis Point

The chart above from the team at John Burns Real Estate consulting shows March 2023 rents down on 23% of houses, same on 29% of houses, up on 48% of houses. This is from a 16,511 population of single family houses owned by the 23 biggest build-to-rent firms who own 375k+ houses.

So it’s not the whole market because it excludes condos and apartments, but it’s it’s a good temperature check on homes owned by institutional landlords.

See this post for the latest on national, state, and city rent prices.

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Reference:

– Rents on the Move: Unlocking Single-Family Rental Trends | John Burns Research and Consulting