{"id":1170,"date":"2021-06-15T10:48:38","date_gmt":"2021-06-15T10:48:38","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=1170"},"modified":"2023-02-17T10:04:45","modified_gmt":"2023-02-17T10:04:45","slug":"single-family-home-rents-rise-as-multifamily-comeback-strengthens","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/","title":{"rendered":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens"},"content":{"rendered":"\n

Yardi Matrix now offers data on standalone home rentals as part of monthly multifamily report<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., June 15, 2021 <\/strong>\u2013 Matching pre-pandemic performance, multifamily rents increased by 2.5% year-over-year in May. Performing even stronger last month were single-family home rentals, which increased 7.3% YoY, according to Yardi\u00ae Matrix. <\/p>\n\n\n\n

The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports<\/a><\/strong>. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S. Institutional investment in the sector has surged in the last 13 years.<\/p>\n\n\n\n

Overall SFR rents increased by $14 in May to $1,761, and overall occupancy is strong at 96.6% as of April. California\u2019s Inland Empire, Phoenix and Detroit have large concentrations of SFR homes.<\/p>\n\n\n\n

\u201cThe pandemic has fueled even more demand, and new institutional investors are pursuing the sector. The current constraints to purchase a home coupled with demand for more space is fueling strong rent and occupancy growth across metros,\u201d write Matrix analysts.<\/p>\n\n\n\n

Meanwhile in the apartment sector, rents grew $12 in May to $1,428, the largest one-month increase since Matrix began tracking its multifamily data set. The 0.8% month-over-month growth rate was the largest since June 2015.<\/p>\n\n\n\n

The YoY increase for multifamily puts the sector \u201calmost exactly where rent growth was in March 2020 when the pandemic began spreading in the U.S.,\u201d states the report. \u201cMany metros have recovered and surpassed pre-pandemic rent growth numbers.\u201d<\/p>\n\n\n\n

Even struggling gateway markets are making large gains. In New York, rents increased by 3.4% on a month-over-month basis, well above all other top 30 metros. Read the latest Yardi Matrix Multifamily National Report<\/a><\/strong>.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, <\/p>\n\n\n\n

industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong><\/p>\n\n\n\n

Yardi\u00ae develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Yardi Matrix now offers data on standalone home rentals as part of monthly multifamily report SANTA BARBARA, Calif., June 15, 2021 \u2013 Matching pre-pandemic performance, multifamily rents increased by 2.5% year-over-year in May. Performing even stronger last month were single-family home rentals, which increased 7.3% YoY, according to Yardi\u00ae Matrix. The single-family rental (SFR) class […]<\/p>\n","protected":false},"author":650,"featured_media":1171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[221,388],"class_list":["post-1170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook-2021","tag-single-family-rental-sector"],"yoast_head":"\nSingle-Family Home Rents Rise as Multifamily Comeback Strengthens - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Single-Family Home Rents Rise as Multifamily Comeback Strengthens\" \/>\n<meta property=\"og:description\" content=\"The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-15T10:48:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-17T10:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Adler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens - Yardi Matrix Blog","description":"The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/","og_locale":"en_US","og_type":"article","og_title":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens","og_description":"The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S.","og_url":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-06-15T10:48:38+00:00","article_modified_time":"2023-02-17T10:04:45+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeff Adler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens","datePublished":"2021-06-15T10:48:38+00:00","dateModified":"2023-02-17T10:04:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/"},"wordCount":367,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","keywords":["Multifamily Outlook 2021","Single Family Rental Sector"],"articleSection":["News","Press Releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/","url":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/","name":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","datePublished":"2021-06-15T10:48:38+00:00","dateModified":"2023-02-17T10:04:45+00:00","description":"The single-family rental (SFR) class is a new addition to Matrix\u2019s monthly multifamily reports. The national data set includes more than 90,000 units in 700 built-to-rent communities across the U.S.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","width":1200,"height":630,"caption":"Yardi Matrix National Multifamoly Report May 2021"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/single-family-home-rents-rise-as-multifamily-comeback-strengthens\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Single-Family Home Rents Rise as Multifamily Comeback Strengthens"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/06\/Matrix_NationalReport_Multifamily_1200x628_May_Blog_Image.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/1170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=1170"}],"version-history":[{"count":3,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/1170\/revisions"}],"predecessor-version":[{"id":5612,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/1170\/revisions\/5612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/1171"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=1170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=1170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=1170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}