Mar 13, 2013

Housing Trends

1Q2013 Rental Trends

The average national rent for U.S. multi-family markets covered by RealFacts maintained its high level during the fourth quarter of 2012, averaging $1,040 per month.  Although this average is slightly below the all-time high rent of $1,042 per month in the third quarter of 2012, it still represents an increase of 4.8% from a year ago.  In addition, all four quarters of 2012 averaged monthly rents over $1,000.  While rents have eased a bit from the peak in the third quarter of last year, market fundamentals suggest continued strength in demand for rental units, keeping rents and occupancy levels high this year.

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