Redfin Reports Asking Rents Fall Across All Bedroom Counts for First Time in 4 Years
Redfin reports that median asking rents fell across all bedroom counts in July 2023, marking the first such occurrence since June 2020. The nationwide median asking rent was $1,647, down $53 from the 2022 all-time high. Rent decreases were observed for 0-1 bedroom (-0.1%), 2 bedroom (-0.3%), and 3+ bedroom (-2.4%) apartments. The overall rental vacancy rate remained at 6.6%, while buildings with 5+ apartments saw a vacancy rate of 7.8%.
Despite individual bedroom categories showing declines, the combined median asking rent rose 0.4% year-over-year due to Simpson's paradox. Sun Belt cities experienced significant rent drops, with Austin, TX (-16.9%) and Jacksonville, FL (-14.3%) leading. Conversely, East Coast and Midwest cities saw increases, with Virginia Beach, VA (+13.7%) and Baltimore, MD (+12.5%) topping the list.
Redfin riporta che gli affitti medi hanno registrato un calo in tutte le categorie di appartamenti a luglio 2023, segnando la prima volta che accade da giugno 2020. L'affitto medio nazionale era di $1,647, in calo di $53 rispetto al massimo storico del 2022. Si sono osservati cali degli affitti per appartamenti con 0-1 camera (-0.1%), 2 camere (-0.3%) e 3+ camere (-2.4%). Il tasso complessivo di vacanza degli affitti è rimasto al 6.6%, mentre gli edifici con oltre 5 appartamenti hanno registrato un tasso di vacanza del 7.8%.
Nonostante le singole categorie di appartamenti mostrino declini, l'affitto medio combinato è aumentato dello 0.4% rispetto all'anno precedente a causa del paradosso di Simpson. Le città della Sun Belt hanno subito notevoli cali degli affitti, con Austin, TX (-16.9%) e Jacksonville, FL (-14.3%) in testa. Al contrario, le città della Costa Est e del Midwest hanno visto aumenti, con Virginia Beach, VA (+13.7%) e Baltimore, MD (+12.5%) in cima alla lista.
Redfin informa que los alquileres medianos han caído en todas las categorías de dormitorios en julio de 2023, marcando la primera vez que esto sucede desde junio de 2020. El alquiler medio nacional fue de $1,647, una disminución de $53 del máximo histórico de 2022. Se observaron disminuciones en los alquileres para apartamentos de 0-1 dormitorio (-0.1%), 2 dormitorios (-0.3%) y 3+ dormitorios (-2.4%). La tasa general de vacantes en alquiler se mantuvo en 6.6%, mientras que los edificios con más de 5 apartamentos vieron una tasa de vacantes del 7.8%.
A pesar de que las categorías de dormitorios individuales mostraron caídas, el alquiler medio combinado aumentó un 0.4% interanual debido a la paradoja de Simpson. Las ciudades de la Sun Belt experimentaron caídas significativas en los alquileres, siendo Austin, TX (-16.9%) y Jacksonville, FL (-14.3%) las que lideran. Por el contrario, las ciudades de la Costa Este y del Medio Oeste vieron aumentos, con Virginia Beach, VA (+13.7%) y Baltimore, MD (+12.5%) a la cabeza de la lista.
Redfin은 모든 침실 수에서 평균 임대료가 감소했다고 보도했습니다. 이는 2020년 6월 이후 처음 있는 일입니다. 전국 평균 임대료는 $1,647로, 2022년 최고치보다 $53 하락했습니다. 0-1 침실 (-0.1%), 2 침실 (-0.3%), 3+ 침실 (-2.4%) 아파트에서 임대료 감소가 관찰되었습니다. 전체 임대 공실률은 6.6%로 유지되었으며, 5개 이상의 아파트가 있는 건물은 7.8%의 공실률을 보였습니다.
개별 침실 카테고리가 감소했음에도 불구하고, 결합된 평균 임대료는 심슨의 역설로 인해 전년 대비 0.4% 증가했습니다. 선벨트 도시에서 임대료가 크게 하락했습니다, 오스틴, TX (-16.9%)와 잭슨빌, FL (-14.3%)가 선두입니다. 반면 동부 해안과 중서부 도시에서는 증가세가 나타났습니다, 버지니아 비치, VA (+13.7%)와 볼티모어, MD (+12.5%)가 리스트의 정점을 차지했습니다.
Redfin rapporte que les loyers médians ont chuté dans toutes les catégories de chambres en juillet 2023, marquant la première fois que cela se produit depuis juin 2020. Le loyer médian national était de $1,647, soit une baisse de $53 par rapport au record de 2022. Des baisses de loyer ont été observées pour des appartements de 0-1 chambre (-0.1%), 2 chambres (-0.3%) et 3+ chambres (-2.4%). Le taux global de vacance a été maintenu à 6.6%, tandis que les bâtiments avec plus de 5 appartements ont connu un taux de vacance de 7.8%.
Malgré les baisses observées dans les catégories de chambres individuelles, le loyer médian combiné a augmenté de 0.4% d'une année sur l'autre en raison du paradoxe de Simpson. Les villes de la Sun Belt ont connu des baisses de loyer significatives, avec Austin, TX (-16.9%) et Jacksonville, FL (-14.3%) en tête. En revanche, les villes de la côte Est et du Midwest ont enregistré des augmentations, avec Virginia Beach, VA (+13.7%) et Baltimore, MD (+12.5%) en tête de liste.
Redfin berichtet, dass die mittleren Mietpreise in allen Schlafzimmerkategorien im Juli 2023 gesunken sind, was das erste Mal seit Juni 2020 ist. Der landesweite mittlere Mietpreis betrug $1,647, was einen Rückgang von $53 im Vergleich zum Rekordhoch von 2022 darstellt. Mietsenkungen wurden bei 0-1 Schlafzimmern (-0.1%), 2 Schlafzimmern (-0.3%) und 3+ Schlafzimmern (-2.4%) beobachtet. Die allgemeine Leerstandsquote blieb bei 6.6%, während Gebäude mit mehr als 5 Wohnungen eine Leerstandsquote von 7.8% aufwiesen.
Trotz der Rückgänge in den einzelnen Schlafzimmerkategorien stieg der kombinierte mittlere Mietpreis aufgrund des Simpson-Paradoxons um 0.4% im Jahresvergleich. Die Städte im Sun Belt erlebten erhebliche Mietsenkungen, wobei Austin, TX (-16.9%) und Jacksonville, FL (-14.3%) an der Spitze stehen. Im Gegensatz dazu verzeichneten Städte an der Ostküste und im Mittleren Westen Preisanstiege, wobei Virginia Beach, VA (+13.7%) und Baltimore, MD (+12.5%) die Liste anführen.
- Increased supply of apartments has led to steadying or slightly dropping rents
- Overall rental vacancy rate remains at 6.6%, the highest level since 2021
- Opportunity for renters to find deals, especially for 3+ bedroom apartments
- Median asking rent for all bedroom counts combined rose 0.4% year-over-year to $1,647
- Affordability remains a serious issue for renter households, earning $11,000 less than needed for a typical apartment
- Construction is slowing down, which may lead to future price increases
Insights
The nationwide decline in asking rents across all bedroom types signals a significant shift in the rental market. This trend, not seen since June 2020, reflects increased supply meeting demand, particularly in the 3+ bedroom segment. The
The
The rental market is showing signs of normalization after the post-pandemic surge. The decline in asking rents across all bedroom types indicates a market correction, likely driven by the influx of new apartment supply. This trend is particularly pronounced in markets like Austin and Jacksonville, where aggressive construction has led to
The divergence between Sun Belt and East Coast/Midwest markets highlights the impact of regional development patterns and migration trends. Cities like Virginia Beach and Baltimore, with rent increases of
The nationwide median asking rent was
Median asking rents for 0-1 bedroom apartments fell
Prices remained steady for 0-1 bedroom and 2 bedroom apartments due to higher demand in those categories, even with increased supply coming onto the market. The increased supply of 3+ bedroom apartments, however, led to prices falling faster in July due to lower demand for larger, more expensive units which also compete against single-family home rentals.
The overall rental vacancy rate has remained at
“Rents have recently steadied—or even dropped slightly—because of the sheer number of apartments built over the past two years,” said Redfin Senior Economist Sheharyar Bokhari. “Construction is slowing down and prices will eventually start rising again, but now is still a good time for renters to find a deal, especially families looking for an apartment with at least three bedrooms.”
Nationwide median asking rent rises slightly, but still down
The median asking rent for all bedroom counts combined actually rose
The national median asking rent was down
Rents drop across Sun Belt, as East Coast and Midwest cities record big increases
Metro areas in
The median asking rent in
The median asking rent in
To view the full report, including charts, metro-level data and methodology, please visit: https://www.redfin.com/news/rental-tracker-july-2024
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240813308488/en/
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
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