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Zillow Reports U.S. Rent Growth Slows to 1.9% in February
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Zillow Reports U.S. Rent Growth Slows to 1.9% in February
SEATTLE, WA — U.S. rent growth slowed to 1.9% year over year in February as rising housing supply increased competition among landlords, according to Zillow’s latest Rental Market Report. The typical asking rent reached $1,895, based on the Zillow Observed Rent Index, marking the slowest annual growth rate since December 2020. Zillow said the slowdown is driven in part by an increase in apartment construction, which has raised vacancy rates and …
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