Rental Performance Report for December 2024
Wondering how on-time rent payments are faring across the nation? Take a look at Chandan Economics & RentRedi’s Independent Landlord Rental Performance Report for December 2024.
Key Takeaways on Rental Performance for December 2024
As noted in Chandan’s report, here are the key takeaways on the rental performance for December 2024:
- In December 2024, the on-time payment rate in independently operated rental units jumped by 19 basis points (bps), rising to 85.7%.
- On-time payment rates have now risen in four consecutive months, improving by a cumulative 53 bps sin that time.
- The forecast full-payment rate recovered by a sizeable 60 bps, rising to 95.5% in December.
- Western states continue to hold the highest on-time payment rates in the country, led by Utah, Idaho, Washington, Colorado, and Alaska.
- 2-4-family rental properties and single-family rentals held the highest on-time payment rates in December, coming in at 86.3%.
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