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Benzinga
Benzinga
Business
Mark Gilman

As Home Rental Prices Continue To Jump More Americans Are Behind On Their Rent

Zumper Housing Market Inflation

With the national home sales inventory disappearing and rising inflation and mortgage interest rates, the rental housing market is busting at the seams attempting to meet demand. And in some states, 25% of the people lucky enough to find available rental property are now behind on their monthly payments.

Nationally, 15% of American households — around 6 million — are behind on rent this fall, according to a new report from commercial real estate website MyEListing.com. 

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