Rent facts & stats

Question 1

According to the 2024 American Community Survey, what was the median U.S. gross monthly rent (including utilities)?

Accepted Answer

$1,487/month. That was up 2.7% in inflation-adjusted terms from $1,448 in 2023.

Question 2

In the second quarter of 2026, what was the seasonally adjusted U.S. homeownership rate?

Accepted Answer

about 65.2% (stated by the source as of the start of 2025, not Q2 2026). The rate has stayed fairly stable in recent decades, though it's changed a lot depending on demographics and location.

Question 3

In October 2023, a federal jury found NAR and co-defendants had conspired to inflate real estate commissions, awarding damages of almost how much?

Accepted Answer

almost $1.8 billion. The case, Burnett et al v. National Association of Realtors et al, was heard in a Missouri federal court.

Question 4

In March 2024, NAR agreed to settle the Burnett commission lawsuit for what reduced amount?

Accepted Answer

$418 million. The settlement also eliminated some of NAR's rules around how buyer-agent commissions are set and shared.

Rent facts & stats

The basics

According to the 2024 American Community Survey, what was the median U.S. gross monthly rent (including utilities)?

In the second quarter of 2026, what was the seasonally adjusted U.S. homeownership rate?

Going deeper

In March 2024, NAR agreed to settle the Burnett commission lawsuit for what reduced amount?

Expert level

In October 2023, a federal jury found NAR and co-defendants had conspired to inflate real estate commissions, awarding damages of almost how much?