Apartment List National Vacancy Index (2019-Present)
a time when wages are stagnant and many Americans are living paycheck to paycheck. You’re probably getting the point: More and more people are renting, which is why vacancies are down from what they were pre-COVID. With the tighter supply, rents are way up. With a shortage in rentals, you might think more Americans are renting or buying single-family homes. But you’d be wrong… TREND #4: HOUSING SUPPLY SHORTAGES According to the National Association of Realtors, housing inventory is still down.
10%
7.3%
8%
6%
5.0%
4%
4.1%
2%
0%
2019 JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAM 2020 2021 2022
Source: Apartment List Vacancy Index
https://www.apartmentlist.com/research/national-rent-data
Annual Change in Median Rent
United States: 2018–Present
+20%
2021: +17.5%
+15%
+10%
2022: +5.4% YTD
+5%
2018: +3.3% 2019: +2.3%
0%
2020: -1.6%
-5%
J
F
M
A
M
J
J
A
S
O
N
D
Apartment List Rent Estimates
Available: https://www.apartmentlist.com/research/category/data-rent-estimates
62 | think realty magazine :: september - october 2022
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