January 12, 2023
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Rental Market Reports
Summary
The real estate market experienced high fluctuation across the U.S in 2022. With mortgage rates at the highest level since 2002, housing supply remaining near historic lows, and home prices continuing to increase, rental housing remains an attractive option to those not ready to transition into home ownership.
To evaluate the impact of these factors on rent prices, Rentometer compiled an analysis of rental rates for three-bedroom (3-BR) single-family rentals (SFRs) in 242 cities across the U.S.