How will the rental market look in 2024?

According to construction data from the Census Bureau, 2024 is projected to be the strongest year for new apartment construction in decades.

The number of units for new multifamily apartments under construction has reached one million for the first time in 2023.

The average rental price is $1700, and the forecast is optimistic that tenants will experience relief in the coming year. Even with all this information we provide, the rental market continues to experience high demand. That's why it is crucial for you to invest in real estate to join investors who own rental properties.