Throughout this year, we surveyed both landlords and renters across the U.S. to gain insights into current rental trends regarding Rent payments, evictions, financial struggles, rent relief and more. According to the Pew Research Center, most landlords are individuals who own just a few units, with the number of individual investors sitting at 14.1 million. These independent landlords, also known as mom-and-pop landlords, and their tenants were the main participants in our surveys.
State of the Rental Industry Report 2021
Discover insights into Rental Industry trends related to rent payments, evictions, rent relief, financial challenges and more.
TL;DR
(You should still read it, but here are some of the most compelling highlights.)
- For every month of 2021, landlords with 1-4 units received the most full rent payments and simultaneously the most missed rent payments.
- By December of 2021, Colorado landlords received the most rent payments at 88%, an increase of 20% since January, while New York landlords had the most missed payments at 28%, a 40% increase since January.
- In December, 17% of landlords said they had filed for eviction due to nonpayment of rent – the highest percentage that has answered yes to filing an eviction during 2021.
- Four percent of renters moved out of a rental in October and November because they were anticipating an eviction. Of those that moved out, 21% anticipated being evicted for nonpayment of rent.
- Since April of 2021, over 50% of renters reported monthly they were unaware of federal or state emergency rental assistance programs.
To read the full report, visit here.
Methodology
Starting in January 2021 and ending December 2021, we sent monthly surveys to our active landlord and renter bases. Survey topics covered rent payments, financial challenges, moving trends, rent relief, eviction trends and more. Surveys are conducted using Typeform and SurveyMonkey. All data is for general analytical use only. Individual responses are confidential, and we do not share the identity publicly or with third parties.
For access to the data or to discuss a collaboration, please email [email protected].
If you’re looking for monthly rental industry trends such as average rent prices and new mover behavior, check out the Rental Data Center, updated on the first of every month.
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