Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to Jun 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Residential rents in urban areas in the United States have grown faster than the general basket of products and services of the urban population. In 2024, the consumer price index (CPI) for rent of primary residences reached *** index points, more than 100 index points more than the CPI for all items. The CPI measures the development of prices, with 1984 chosen as a base year. An index value of *** indicates that rents have quadrupled since 1984.

Rent Inflation in the United States decreased to 3.70 percent in July from 3.80 percent in June of 2025. This dataset includes a chart with historical data for the United States Rent Inflation.

Rental rates in the United States increased steadily since 2008. In 2023, the producer price index for gross rent in office buildings reached ***** index points. This means that between 2008 when the index value was set to 100 and 2023, gross office rents grew by about ** percent. Manhattan, San Francisco, and Boston are among the biggest and most expensive markets for office space in the United States.

Price to Rent Ratio in the United States increased to 134.20 in the fourth quarter of 2024 from 133.60 in the third quarter of 2024. This dataset includes a chart with historical data for the United States Price to Rent Ratio.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average (CUUR0000SEHC01) from Dec 1982 to Jul 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The house price to rent ratio index in the U.S. declined in the second half of 2022 and remained stable until the end of 2024, indicating that house price growth slowed down compared to rental growth. At its peak, in the second quarter of 2022, the index stood at *****. House prices increased dramatically since the coronavirus pandemic. Meanwhile, rents have grown notably, but at a slower rate. What does the house price to rent ratio index measure? The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider. The house price to rent ratio in different countries The house price to rent ratio in the United Kingdom continued to increase in the second half of 2022, but growth softened, as the housing market cooled. On the other hand, the index in Germany fell drastically between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average (CUUR0000SAS2RS) from Dec 1982 to Jul 2025 about shelter, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average was 433.53400 Index Dec 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average reached a record high of 433.53400 in June of 2025 and a record low of 141.70000 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average - last updated from the United States Federal Reserve on July of 2025.

United States All Tenant Regressed Rent Index: YoY data was reported at 3.182 % in Dec 2024. This records a decrease from the previous number of 3.858 % for Sep 2024. United States All Tenant Regressed Rent Index: YoY data is updated quarterly, averaging 2.750 % from Dec 1999 (Median) to Dec 2024, with 101 observations. The data reached an all-time high of 7.529 % in Dec 2022 and a record low of -1.098 % in Mar 2010. United States All Tenant Regressed Rent Index: YoY data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I127: Tenant Rent Index: Old Methodology.

United States US: Price to Rent Ratio: sa data was reported at 134.118 2015=100 in 2024. This records an increase from the previous number of 133.710 2015=100 for 2023. United States US: Price to Rent Ratio: sa data is updated yearly, averaging 99.069 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 137.672 2015=100 in 2022 and a record low of 89.669 2015=100 in 1997. United States US: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average was 431.79800 Index 1982-84=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average reached a record high of 431.79800 in March of 2025 and a record low of 21.00000 in December of 1914. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average - last updated from the United States Federal Reserve on August of 2025.

United States New Tenant Rent Index: YoY data was reported at -2.425 % in Dec 2024. This records a decrease from the previous number of 1.572 % for Sep 2024. United States New Tenant Rent Index: YoY data is updated quarterly, averaging 2.718 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 12.085 % in Jun 2022 and a record low of -3.127 % in Dec 2009. United States New Tenant Rent Index: YoY data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I127: Tenant Rent Index: Old Methodology.

United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average was 423.96900 Index Dec 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average reached a record high of 423.96900 in March of 2025 and a record low of 100.00000 in December of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Primary Residence in U.S. City Average - last updated from the United States Federal Reserve on August of 2025.

United States US: Rent Price Index: sa data was reported at 146.796 2015=100 in 2024. This records an increase from the previous number of 139.720 2015=100 for 2023. United States US: Rent Price Index: sa data is updated yearly, averaging 52.865 2015=100 from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 146.796 2015=100 in 2024 and a record low of 8.683 2015=100 in 1960. United States US: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

United States New Tenant Rent Index: YoY: Lower Bound data was reported at -6.317 % in Dec 2024. This records a decrease from the previous number of -0.789 % for Sep 2024. United States New Tenant Rent Index: YoY: Lower Bound data is updated quarterly, averaging 2.014 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 10.821 % in Jun 2022 and a record low of -6.317 % in Dec 2024. United States New Tenant Rent Index: YoY: Lower Bound data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I127: Tenant Rent Index: Old Methodology.

United States New Tenant Rent Index data was reported at 193.894 Mar2000=100 in Dec 2024. This records a decrease from the previous number of 204.938 Mar2000=100 for Sep 2024. United States New Tenant Rent Index data is updated quarterly, averaging 138.679 Mar2000=100 from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 204.938 Mar2000=100 in Sep 2024 and a record low of 113.610 Mar2000=100 in Mar 2005. United States New Tenant Rent Index data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I127: Tenant Rent Index: Old Methodology.

United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average was 422.78400 Index Dec 1982=100 in July of 2024, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average reached a record high of 422.78400 in July of 2024 and a record low of 106.20000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Rent of Shelter in U.S. City Average - last updated from the United States Federal Reserve on July of 2025.

VITAL SIGNS INDICATOR
Rent Payments (EC8)

FULL MEASURE NAME
Median rent payment

LAST UPDATED
January 2023

DESCRIPTION
Rent payments refer to the cost of leasing an apartment or home and serves as a measure of housing costs for individuals who do not own a home. The data reflect the median monthly rent paid by Bay Area households across apartments and homes of various sizes and various levels of quality. This differs from advertised rents for available apartments, which usually are higher. Note that rent can be presented using nominal or real (inflation-adjusted) dollar values; data are presented inflation-adjusted to reflect changes in household purchasing power over time.

DATA SOURCE
U.S. Census Bureau: Decennial Census - https://nhgis.org
Count 2 (1970)
Form STF1 (1980-1990)
Form SF3a (2000)

U.S. Census Bureau: American Community Survey - https://data.census.gov/
Form B25058 (2005-2021; median contract rent)

Bureau of Labor Statistics: Consumer Price Index - https://www.bls.gov/data/
1970-2021

CONTACT INFORMATION
vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Rent data reflects median rent payments rather than list rents (refer to measure definition above). American Community Survey 1-year data is used for larger geographies – Bay counties and most metropolitan area counties – while smaller geographies rely upon 5-year rolling average data due to their smaller sample sizes. Note that 2020 data uses the 5-year estimates because the ACS did not collect 1-year data for 2020.

1970 Census data for median rent payments has been imputed from quintiles using methodology from California Department of Finance as the source data only provided the mean, rather than the median, monthly rent. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Inflation-adjusted data are presented to illustrate how rent payments have grown relative to overall price increases; that said, the use of the Consumer Price Index (CPI) does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Office Buildings, Gross Rents (WPU43110101) from Dec 2008 to Jun 2025 about rent, real estate, gross, buildings, services, commodities, PPI, inflation, price index, indexes, price, and USA.