SFR Rents Continue to Grow in Double Digits

When it comes to rent increases, the single-family rental sector continued to blaze through August, according to CRE data and analysis provider Markerr.

The firm has a newly released SFR index comprising historical and current individual listing for more than 300 metropolitan statistical areas (MSAs). “Despite multifamily rent growth showing deceleration in August, single-family rental YoY rent growth was 11.5% in August 2022, up from 10.1% in July 2022,” Markerr wrote. Mean rent was $1,634. The data for this part of the analysis came from the top 100 MSAs ranked by how Markerr measures total population. In December 2020, mean SFR rent was approximately $1425 for a total growth over that period of 14.7%.