Rising home prices drive demand for long-term rentals

Rising home prices have driven many potential buyers into the rental market. According to the National Association of Home Builders, average home prices increased by 55 percent between the first quarter of 2020 and the third quarter of 2025.

For those seeking long-term rental solutions, experts suggest several considerations. Renters should account for all ancillary costs beyond monthly rent, such as fees for parking, trash, or community amenities like fitness centers and pools. Additionally, evaluating the responsiveness and reputation of a landlord or property management firm is critical for long-term stability.