Eviction Rates Plunged During the Early Part of the Pandemic (2024)

FAQs

Where are eviction rates the highest? ›

Looking at data from 2019, we see the highest rates of eviction across the Inland Empire (37 per 1,000 renters in Riverside County, 42 in San Bernardino County) and the Central Valley (36 per 1,000 in Calaveras County, 30 in San Joaquin County).

An eviction is when a landlord, sometimes alongside law enforcement, makes a tenant leave a property owned by the landlord. In a typical year, landlords file over 3.5 million eviction cases, according to Princeton's Eviction Lab.

The percent of renter households threatened with eviction peaked between 2005 and 2008 at approximately 7.5% and has decreased in recent years to approximately 6%. The study finds that evictions are most common in southeastern states.

More than 900,000 renter households were evicted from their homes each year. South Carolina experienced the highest eviction rate of any state (6.2 percent) with an average of 26,430 evictions per year. Other states with high eviction rates include Arizona, Virginia, and Delaware.

While last month's Household Census survey shows renters concerned about evictions, California consistently has the LOWEST eviction rates of the 10 most populous states, with 2.2 pre-COVID eviction filings per 100 rental households as compared to 9 per 100 in New York and 16 per 100 in Michigan.

The most expensive rental market in the US remains to be New York. The average monthly rent for a one-bedroom is roughly $3,260. This is about a $500 decrease from 2021, however as demand continues to increase prices are likely to follow.

There is a shortage of 7.3 million affordable and available rental homes for renters with extremely low incomes in the US, up 8 percent from 6.8 million in 2019. The lack of housing options for renters with extremely low incomes are driving the overall affordable housing shortage across the country.

Second, among renters, women—especially Black and Latinx women—faced higher eviction rates than men. Across all renters, the risk of eviction was approximately 2% higher for women than for men. Among Black renters this increases to 4%, and for Latinx renters it jumps to 9%.

13, LendingTree found that more than 8.07 million people 18 or older in the United States aren't caught up on their monthly rent payments. This means that 13.7% of the country's adult renters living in a household that charges them rent are behind on their monthly payments.

Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households, around 6 million, are behind on rent this fall, according to a recent report.

What percentage of Americans rent housing? ›

(According to the Pew Research Center, about 36 percent of American households rented, rather than owned, their homes in 2019, the last year that reliable data was available from the Census Bureau.) Moody's first started tracking the metric in 1999, when the typical rent-to-income ratio was 22.5 percent.

1. 10.6 Million Americans Earn Income from Rental Properties. Approximately 10.6 million American tax filers declared rental income when they filed their taxes. That means about 7.1% of 1040 filers could potentially be landlords.

The study analyzed the U.S. Census Bureau housing data of more than 300 cities with a population of 100,000 or more and conducted a survey of over 1,000 people from around the country in November. Newark, New Jersey, has the most, with more than 79% of residents renting.

California has more renters than any state, more tenants per unit and some of the nation's highest rents.

The appropriate Eviction Notice to serve for non-payment of rent would be a 3 Day Notice to Pay or Quit, or a 30 or 60 Day Notice to Vacate. If the tenant has been there for less than a year paying on a month to month basis and you want to terminate their tenancy, a 30 Day Notice to Vacate is the correct form to serve.

Constable returns possession of property to landlord.

Evicting a tenant in California can take around five to eight weeks, depending on the type of eviction. If tenants request a continuance or jury trial, the process can take longer.

Matthew Desmond, professor in the Department of Sociology at Princeton University and author of the book 'Evicted', estimates that there are roughly one million evictions in a typical year in America.

The average rent for an apartment in the U.S. is $1,702. The cost of rent varies depending on several factors, including location, size, and quality.

Which major US city has the cheapest rent? ›

1. Tulsa, Oklahoma. Of all U.S. metro areas with populations of more than 1 million, none has cheaper apartment rents than Tulsa.

What Happens to Rents in a Recession? Rents can go both up and down in a recession. The location of a rental property and how hard the local economy is hit by a recession will dictate whether rents go up, down or stay the same.

Just because there's a recession doesn't necessarily mean rent prices go down. In fact, during the 2008 recession, it was the exact opposite. In the current rental market, we have seen the rate of increase in rental prices come down, but this only translates to lower rent prices if you're in select markets.

There are between 1.5 million and 6 million fewer homes in the U.S. than there are households ready to occupy them. The proximate cause of this mismatch isn't hard to discern: Over the past ten years, the number of housing units per 1,000 people in the U.S. has actually fallen.

Number of licensed drivers in the United States by gender 2020-2021. In 2021, female motorists accounted for just over half of all licensed drivers in the United States, with around 117.6 million female licensees compared to 115.2 million male licensees.

Definition. Forced evictions can be broadly defined as the permanent or temporary removal against their will of individuals, families and/or communities from the homes and/or land which they occupy, without the provision of, and access to, appropriate forms of legal or other protection.

The average monthly rent for all apartment types in the United States rose substantially in 2021. As of February 2023, the average monthly rent for a two-bedroom apartment in the United States reached 1,320 U.S. dollars, up from 1,282 U.S. dollars a year before.

About 15% of US renters aren't caught up with their payments, according to Census Bureau data, and it's about to get worse this summer as many leases come due and landlords boost prices.

15% of Americans behind on rent payments.

Are Americans struggling to pay rent? ›

Americans across the country are spending more than they can afford on rent, according to a report from Realtor.com. The February Rental Report found that despite a slight decrease in rent prices, affordability continued to get worse in 26 major metros.

Homeowner vs.

In the under-35 age group, 65% of American households are rented. Meanwhile, in the 65+ age group (senior citizens), 79.3% own a home. The median age of homebuyers is 47 years old, while the median age of renters is 38 years old. A whopping 64% of millennials who own homes regret their purchase of a home.

More high-earning Americans are opting to rent than in the past, with the number of renter households earning $150,000 or more a year rising 87% between 2016 and 2021. This amounts to more than 3 million households, according to five-year estimates from the Census Bureau.

John Malone is the largest private landowner in the United States. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999.

How Many Homes in the U.S. are Second Homes? Through our analysis we found that there are at least 2.64 million second homes in the U.S. that are for seasonal, recreational, or occasional use. How many homes are there in the United States?

The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth, according to a new analysis from Realtor.com released Wednesday.

While most rental property owners were senior citizens, today's landlords are as young as 40 years with 27% between 30 and 40 and 8% 20 to 30 years old. However, factors such as race and gender affect the average age of landlords.

1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.

Invitation Homes is the largest single owner of single-family rental homes in the United States, managing more than 80,000 homes as of 2021.

So, how long does a Tenant stay? A quick google search will tell you that for a single-family rental in the United States, you should expect an average tenancy to last about 3 years. And a multi-family/apartment should stay occupied for roughly 2.5 years. So now you have a benchmark by which to judge your performance.

Are renters happier? ›

Research suggests that, as far as happiness is concerned, owning a home is no better than renting. A 2011 study on about 600 women in Ohio found that homeowners weren't any happier than renters. In fact, the home owners “derive significantly more pain from their house and home,” the study authors wrote. The reason?

Louisiana. Louisiana's effective property tax rate is just 0.54%, the third lowest in the US. It is also one of the states that have laws that preempt rent control. Louisiana has one of the fastest eviction processes in the country.

Looking at data from 2019, we see the highest rates of eviction across the Inland Empire (37 per 1,000 renters in Riverside County, 42 in San Bernardino County) and the Central Valley (36 per 1,000 in Calaveras County, 30 in San Joaquin County).

Why rent prices are falling. The biggest factor in recent rent price declines is a glut of new rental units in 2023, "the largest in 50 years," says Thomas LaSalvia, director of economic research at Moody's Analytics. Rental unit vacancies have increased slightly as well, he says.

California is the most expensive state to rent, with an average rent of $1,901, outpacing the runner-up, Hawaii, by nearly $200.

Analysis by Redfin showed prices increased by 14.1% over the year in 2021 and 7.45% in 2022. With real wages falling by 1.3% in the last year there is an intense squeeze on purse-strings. California is no exception and has the highest average rent prices in the country.

California had the most renting households with 5.73 million, or 13.6 percent of the nation's 42 million rental homes. Tenants in California make up 44 percent of households in the state, the third-largest share of renters behind. D.C., at 58 percent, and New York at 45 percent.

Where is the most expensive place to rent in the US? ›

Having children is the single greatest predictor of whether someone will face eviction.

Some 15% of American households, around 6 million, are behind on rent this fall, according to a recent report.

North Dakota, South Dakota and Iowa are the best states for renters. California, Massachusetts and Nevada are the worst states for renters. Overall median rent ranges from $1,774 to $770 per month in Hawaii and West Virginia, respectively.

So they may rent a place in New York City, London, and San Francisco to live in because it's much cheaper than buying. Since they have cash-flowing real estate and other investments to live off of, they know the difference between a property that is an expense and an income property.

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.