Redfin Reports U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years
Redfin (NASDAQ: RDFN) reports that U.S. median asking rents fell 0.3% year over year to $1,594 in December 2024, reaching the lowest level since March 2022. This represents a 6.2% decline from the August 2022 peak of $1,700.
The decline is attributed to increased housing supply, with apartment completions surging 58.1% year over year in Q3 2024, reaching the highest level since 1974. This has led to an 8% vacancy rate for buildings with five or more units.
The report shows declining rents across all apartment types, with 3+ bedrooms experiencing the largest drop (-2.5% to $1,950). Among major metros, Austin saw the steepest decline (-16.3%), followed by Tampa (-10.4%) and Jacksonville (-6.7%). Conversely, Providence led rent increases (12.6%), followed by Virginia Beach (10.9%).
Redfin (NASDAQ: RDFN) riporta che i canoni di affitto mediani negli Stati Uniti sono diminuiti dello 0,3% su base annua, scendendo a $1,594 a dicembre 2024, raggiungendo il livello più basso dal marzo 2022. Questo rappresenta un calo del 6,2% rispetto al picco di agosto 2022 di $1,700.
Il declino è attribuito all'aumento dell'offerta abitativa, con le completazioni di appartamenti che sono aumentate del 58,1% su base annua nel terzo trimestre del 2024, raggiungendo il livello più alto dal 1974. Questo ha portato a un tasso di vacanza dell'8% per gli edifici con cinque o più unità.
Il rapporto mostra una diminuzione degli affitti in tutti i tipi di appartamenti, con i monolocali e appartamenti con 3 o più camere da letto che hanno subito il calo più significativo (-2,5% a $1,950). Tra le principali città, Austin ha registrato il calo più ripido (-16,3%), seguita da Tampa (-10,4%) e Jacksonville (-6,7%). Al contrario, Providence ha guidato gli aumenti degli affitti (12,6%), seguita da Virginia Beach (10,9%).
Redfin (NASDAQ: RDFN) informa que los alquileres medianos en EE. UU. cayeron un 0.3% interanual a $1,594 en diciembre de 2024, alcanzando el nivel más bajo desde marzo de 2022. Esto representa una disminución del 6.2% desde el pico de agosto de 2022 de $1,700.
La disminución se atribuye al aumento en la oferta de viviendas, con un aumento del 58.1% interanual en la finalización de apartamentos en el tercer trimestre de 2024, alcanzando el nivel más alto desde 1974. Esto ha llevado a una tasa de vacantes del 8% en edificios de cinco o más unidades.
El informe muestra que los alquileres han disminuido en todos los tipos de apartamentos, siendo los de 3 o más habitaciones los que experimentaron la mayor caída (-2.5% a $1,950). Entre las principales áreas metropolitanas, Austin vio la caída más pronunciada (-16.3%), seguida de Tampa (-10.4%) y Jacksonville (-6.7%). Por el contrario, Providence lideró los aumentos de alquiler (12.6%), seguida de Virginia Beach (10.9%).
Redfin (NASDAQ: RDFN)은 2024년 12월 미국의 중위 임대료가 작년 대비 0.3% 하락하여 $1,594에 이르렀다고 보고했습니다. 이는 2022년 3월 이후 최저 수준입니다. 이는 2022년 8월의 최고점인 $1,700에서 6.2% 감소한 수치입니다.
하락의 원인은 주택 공급 증가로, 2024년 3분기 아파트 완공이 작년 대비 58.1% 증가하여 1974년 이후 가장 높은 수준에 도달했습니다. 이로 인해 5개 이상의 유닛을 가진 건물의 공실률이 8%에 달했습니다.
보고서에 따르면 모든 유형의 아파트에서 임대료가 하락하고 있으며, 3개 이상의 침실이 있는 아파트는 가장 큰 하락폭(-2.5%로 $1,950)에 해당했습니다. 주요 대도시 중에서는 Austin이 가장 큰 하락폭(-16.3%)을 기록했으며, 이어서 Tampa(-10.4%)와 Jacksonville(-6.7%)가 뒤를 이었습니다. 반대로 Providence는 임대료 인상폭이 가장 크며(12.6%), 그 뒤를 Virginia Beach(10.9%)가 따릅니다.
Redfin (NASDAQ: RDFN) rapporte que les loyers médians aux États-Unis ont chuté de 0,3% d'une année sur l'autre, atteignant $1,594 en décembre 2024, le niveau le plus bas depuis mars 2022. Cela représente une baisse de 6,2% par rapport au pic d'août 2022 qui était de $1,700.
Ce déclin est attribué à l'augmentation de l'offre de logements, avec une hausse de 58,1% des achèvements d'appartements d'une année sur l'autre au troisième trimestre 2024, atteignant le niveau le plus élevé depuis 1974. Cela a conduit à un taux de vacance de 8% pour les immeubles comprenant cinq unités ou plus.
Le rapport montre une baisse des loyers dans tous les types d'appartements, les unités de 3 chambres ou plus connaissant la plus forte baisse (-2,5% à $1,950). Parmi les grandes métropoles, Austin a enregistré la plus forte baisse (-16,3%) suivie de Tampa (-10,4%) et Jacksonville (-6,7%). À l'inverse, Providence a été en tête des augmentations de loyers (12,6%), suivie de Virginia Beach (10,9%).
Redfin (NASDAQ: RDFN) berichtet, dass die medianen Mietpreise in den USA im Jahr 2024 um 0,3% im Vergleich zum Vorjahr gesunken sind und im Dezember $1,594 erreicht haben, was den niedrigsten Stand seit März 2022 darstellt. Dies ist ein Rückgang um 6,2% im Vergleich zum Höchststand von $1,700 im August 2022.
Der Rückgang wird auf das erhöhte Wohnungsangebot zurückgeführt, da die Fertigstellung von Wohnungen im dritten Quartal 2024 um 58,1% im Vergleich zum Vorjahr gestiegen ist, was den höchsten Stand seit 1974 erreicht hat. Dies hat zu einer Leerstandsquote von 8% in Gebäuden mit fünf oder mehr Einheiten geführt.
Der Bericht zeigt einen Rückgang der Mieten in allen Wohnungsarten, wobei Wohnungen mit 3 oder mehr Schlafzimmern den größten Rückgang verzeichneten (-2,5% auf $1,950). Unter den größeren Metropolen verzeichnete Austin den stärksten Rückgang (-16,3%), gefolgt von Tampa (-10,4%) und Jacksonville (-6,7%). Im Gegensatz dazu führte Providence die Mietpreiserhöhungen (12,6%) an, gefolgt von Virginia Beach (10,9%).
- None.
- Median asking rent decreased 0.3% YoY to $1,594
- Median asking rent per square foot dropped 1.9% YoY
- Vacancy rate rose to 8%, highest since early 2021
- Austin rents fell 16.3% YoY, now 22.6% below peak
- All apartment types showed rent declines
Insights
The rental market's significant cooling trend marks a pivotal shift in the U.S. housing landscape. The 0.3% year-over-year decline in median asking rents to
The Sun Belt region's dramatic price corrections, particularly Austin's 16.3% decline and being
The per-square-foot metrics, showing a 1.9% year-over-year decline to
The rental market's structural shift presents a fascinating economic case study. The 8% vacancy rate represents a critical inflection point where supply has finally caught up with demand, effectively transferring pricing power to renters. This market correction is most pronounced in high-growth markets that experienced unsustainable pandemic-era appreciation.
The regional divergence is particularly noteworthy - while Sun Belt markets are experiencing sharp corrections, northeastern cities like Providence (12.6% increase) and Buffalo (9.4% increase) continue to see rent growth. This dichotomy reflects varying regional supply dynamics and migration patterns. The data suggests we're witnessing a 'tale of two markets' where overbuilt regions are correcting while supply-constrained markets maintain pricing power.
For property investors, the key metric to watch is the slowdown in apartment construction mentioned in the report. This could create a floor for rent declines in late 2025, potentially setting up the next cycle of rent growth as supply growth moderates.
The median asking rent fell to
The median asking rent was down
The median asking rent per square foot dropped
Asking rents have been inching down because an influx of supply has left apartment owners with rising vacancies. Apartment completions surged
“We’re kicking off 2025 in a renter’s market, with many renters finding that apartments cost less than a year ago—especially in the Sun Belt,” said Redfin Senior Economist Sheharyar Bokhari. “While asking rents declined in 2024, they may not have much further to fall this year given that apartment construction has begun to slow.”
Asking rents fell across all apartment types, with 3+ bedrooms seeing the largest decline
Asking rents fell across all bedroom counts for the sixth consecutive month in December.
The median asking rent for 0-1 bedroom apartments fell
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Median asking rent |
YoY change in median asking rent |
Median asking rent per square foot |
YoY change in median asking rent per square foot |
0-1 bedroom apartments |
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2 bedroom apartments |
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3+ bedroom apartments |
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Asking rents fell fastest in
In
Asking rents are falling most in the Sun Belt because the region has been building a lot of housing, and because in some areas, rents are coming back down to earth after rising to unsustainable levels during the pandemic moving frenzy.
Rents rose most in
To view the full report, including a chart, metro-level summary and methodology, please visit:
https://www.redfin.com/news/rental-tracker-december-2024
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250109366335/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
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