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Valley leads nation again in year-over-year home rent increases

Red For Rent Real Estate Sign in Front House
Posted at 9:36 AM, Mar 19, 2020
and last updated 2020-03-19 12:36:06-04

For the 14th straight month, the Valley had the nation’s largest year-over-year rent increase for single-family homes, an analysis of January statistics from CoreLogic shows.

Rents for single-family homes in the Phoenix-Mesa-Scottsdale market were up 6.4% over January 2019, according to CoreLogic’s latest Single-Family Rent Index, which analyzes single-family rent changes in 20 metropolitan areas.

The Valley was followed by Tucson, with 5.2% and the Las Vegas-Henderson-Paradise market in Nevada with 4.9%.

All three of those markets had higher increases in January 2019.

Read more from the Phoenix Business Journal.