Slowing Trend in Single-Family Rent Growth Hits Four-Year Low

Writen by: Bob Nastasi


U.S. Rent Growth Hits Lowest Rate in Four Years

Recent data from CoreLogic indicates that U.S. single-family rent growth has decelerated to a 2% annual increase as of September 2024, marking the slowest rate in four years. This national trend reflects a broader cooling in the rental market, influenced by factors such as increased housing supply and shifting economic conditions.

In San Jose, the rental landscape presents its own unique dynamics. The median rent for all property types stands at $3,011, which is $1,001 above the national median. This positions San Jose as one of the more expensive rental markets in the country, underscoring the importance of localized market insights.

Navigating these complex and evolving market conditions can be challenging for property owners. Partnering with a San Jose property management company that possesses in-depth knowledge of San Jose’s rental trends is crucial. Such expertise ensures that rental properties are priced competitively, vacancies are minimized, and tenants are thoroughly screened.

At A To B, we specialize in the San Jose market, offering tailored strategies that align with current trends. Our comprehensive services include market analysis, effective marketing, tenant screening, and property maintenance. By leveraging our local expertise, property owners can maximize their investment returns and navigate the rental market with confidence.

In a fluctuating rental environment, having a knowledgeable property management partner is not just beneficial—it’s essential. Trust A To B Property Management to provide the insights and services needed to thrive in San Jose’s dynamic rental market.

Take a Look at Our Four Newest Homes for Rent in San Jose!

Written by Bob Nastasi

I have been licensed as a real estate agent and loan agent in the State of California since 1985 and started A to B Realty and Property Management on August 1, 1994. We are licensed in California.

We specialize in providing property management services and Real Estate sales for the purchase of residential and commercial properties.

Our most recent success has been working closely with Bank Owned Properties in the management and sale of their assets. We advise on price, condition and needed repairs to ensure maximum return.

After 27 years of experience there is nothing I haven't encountered that I couldn't resolve and you can be sure you will be in good hands!

You can find me on facebook or write to me at bob@atobpropertymanagement.com