CPI Rent Index
BLS's national rent inflation. Cross-check your local rent raises against this.
- source
- FRED
- frequency
- monthly
- units
- index
- s.a.
- yes
Note: Index only — FRED has no clean $-value national median rent. Zillow ZORI is off-FRED.
National rent inflation is running 2.78% year-over-year, a notable deceleration from the double-digit prints of 2021-22 but still outpacing wage growth for most renters. The index has climbed steadily month-over-month since February without a single pullback, suggesting landlords are still pushing rent, just at a sustainable pace rather than a panic grab. If your local market is running hotter than this 2.78% YoY clip, you're either in a genuine supply-constrained pocket or pricing ahead of where the national baseline is headed—worth stress-testing your underwrite for a reversion toward this trend when you model year two and three.
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CPI Rent Index — BLS's national rent inflation. Cross-check your local rent raises against this.
Freq: monthly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("CUSR0000SEHA")
print(series.tail())You are analyzing FRED series CUSR0000SEHA — CPI for All Urban Consumers - Rent of Primary Residence. Context: BLS's national rent inflation. Cross-check your local rent raises against this. Attributes - Units: index - Frequency: monthly - Source: FRED Latest observation: 450.43 as of 2026-09-01 Year-over-year change: +2.78% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?