Renters Now Need a $14,408 Raise to Afford Buying a House as 7% Mortgages Push Single-Family Rental Demand Up 24%, Zillow Data Shows

Zillow says a household that can comfortably rent a single-family home would need a $14,408 raise to own one, the widest gap since early 2025, as 7% mortgage rates push single-family rental demand up 24.3%. Here is what it means for landlords, investors and housing businesses.

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