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Record Share of Americans Say Rents Will Keep Rising This Year

  • Consumers expect rental prices to increase at near record pace
  • More people say home prices will increase: Fannie Mae survey
Aerial Views Of Silicon Valley Housing And Tech Campuses
Photographer: Sam Hall/Bloomberg

A record share of Americans anticipate that rents will go up over the next 12 months, according to Fannie Mae data going back to 2010.

In the February survey released Monday, 69% of respondents say rental prices will rise. On average, consumers expect rents to increase by 7.1% in the coming year, only slightly down from January, which set a record pace.