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RENT TRACKING FOR
INDEPENDENT LANDLORDS

Data Provided by:

JUNE 2022 KEY TAKEAWAYS

1. The on-time payment rate in independently operated rental units improved by 129 bps between May and June, rising to 78.1%.

2. Gateway markets have maintained higher on-time payment rates than units located elsewhere for six consecutive months through June 2022.

3. Sun Belt rentals underperformed the rest of the US for three consecutive months, including by 65 bps in June 2022.

4. 2-4 Family rentals maintain the highest on-time payment rate of all sub-property types in June, coming in at 82.0%.

5. Mid-priced rentals ($1,500-$2,499) continue to outperform all other price points.

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