Lease Property Update
April saw continued demand for single-family rentals, which jumped 12.7 percent compared to a year earlier. However, interest in townhome/condominium rentals waned, declining 4.4 percent. The average rent for a single-family home edged up less than one percent to $1,795 while the average rent for townhomes and condominiums also increased less than one percent to $1,586.