SAN FRANCISCO–(BUSINESS WIRE)–HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, today released its first National Rental Report, which compares data from H1 2021 and the H1 2022 to explore trends shaping the U.S. rental market for single-family detached listings, including price and supply shifts across the nation’s top metropolitan statistical areas (“MSAs”). The report can be downloaded and viewed here.
HouseCanary tracks listing volume, new listings and median listing price information for 46 states and 142 individual MSAs. The data in today’s rental report represents an aggregation and summary of all single-family detached listing records in the HouseCanary database between January 2021 and June 2022.
Following a thorough analysis of the aggregated data, HouseCanary’s report identifies key findings about the current rental market for single-family detached listings:
Chris Stroud, Co-founder and Chief of Research at HouseCanary, commented: “HouseCanary’s new report highlights that throughout the first half of 2022, the rental market seems to remain impervious to a slowdown. Nationwide single-family detached listings continue to elicit strong demand across the country despite rent prices experiencing a double-digit increase year-over-year. Our analysis suggests that while coastal regions such as Florida continue to remain popular following the pandemic, renters are beginning to turn their attention towards regions such as the Industrial Midwest that offer both sufficient supply and affordability many people are seeking in the current market conditions.”
Additional findings can be reviewed in the full report here.
Founded in 2013, national real estate brokerage HouseCanary empowers consumers, financial institutions, investors, and mortgage lenders, with industry-leading services including valuations, forecasts, and transaction support. These clients trust HouseCanary to fuel acquisition, underwriting, portfolio management, and more. Learn more at www.housecanary.com.
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AVM Disclosure: An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.