Webleveraging data collected from about 5. 6 million homes listed for rent between june 2023 and may 2024, zg has come up with key insights for rental upgrades that are taken by millennials and.

Webzillow observed renter demand index (zordi):

If mortgage rates fall, nearly half of renters said they would be very or extremely likely to buy.

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A measure of the typical observed rental market engagement across a region.

Find out the best times to rent and tips to save.

Zordi tracks engagement on zillow’s rental listings to proxy changes in rental demand.

Webrents have outpaced wages in 44 of the 50 largest u. s.

Web64% of recent renters considered buying when they were looking for a home to rent, especially gen z and millennial renters.

In new york city, rents grew more than seven times faster than wages last year β€” the largest gap in the country.

Wages caught up last year nationally and in about half of major metros.

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