Subscribe to our email newsletter The Weekly
According to John Burns Real Estate Consulting, "Single-family rental (SFR) and build-for-rent continue to appeal to investors looking for yield and an inflation hedge. Homes should be a hedge against inflation because the cost of their materials is rising while rents should grow along with inflation as well. Also, rental homes have been historically less volatile during housing booms and busts."
Overall, national new lease effective rent growth averaged 4.6%. Rents in the 20 largest single-family rental markets have increased 10% YOY, and Las Vegas has increased 11% YOY.
According to Burns Single-Family Rent Index, top single-family-rental markets with double-digit new lease effective rent growth include:
- Phoenix (+12% YOY)
- Charlotte (+11% YOY)
- Las Vegas (+11% YOY)
- Atlanta (+10% YOY)
- Jacksonville (+10% YOY)
Source: John Burns Real Estate Consulting
Subscribe to our email newsletter The Weekly
