Pandemic and demographic changes have prompted people to move from apartments to homes, and rents for different types of buildings are reflecting the change, as single-family home rents explode and apartment rents stagnate, according to the report. recent studies.
Rental rates for single-family homes are rising rapidly, according to real estate data company CoreLogic. In the Houston area, single-family home rents were 5.2% higher in March than they were a year ago, according to CoreLogic. The increase overtook the nation as a whole, which saw a 4.3 percent year-over-year increase in rental rates.