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Market Reporting that Matters

RealPage Reports Moderate Apartment Rent Growth for Calendar Year, Normal Seasonal Pricing Cuts in the Fourth Quarter

Length of Current Cycle Impressive

By Dave Sorter | Wednesday, January 3, 2018

Effective rent growth 2017

Effective rent growth was moderate in the national apartment market at year-end 2017, while the occupancy rate remained above 95% in the fourth quarter, according to apartment rental data just released by RealPage. 

“While the apartment rent growth pace has slowed from the performance seen a couple years ago, it’s the longevity of the current cycle that’s so impressive,” said Greg Willett, RealPage’s chief economist. “Rents have climbed substantially for eight consecutive years.”

The 4th quarter report includes information from a new, enhanced data set that combines the high-quality granular statistics for individual properties tracked by Axiometrics, acquired by RealPage earlier this year, with the broader base of property coverage in RealPage’s legacy data set.

Click here to access the full findings for the national apartment market. 

Dave Sorter

Dave Sorter

Journalist

Dave Sorter is an award-winning journalist who spent 30 years as a newspaper reporter and editor before joining Axiometrics. He oversees all Axio blogs and newsletters and serves as senior editor of all Axio publications.

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