Single Family Home Rentals in Seattle Begin to Level Off

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Mike Rosenberg | Seattle Times

Houses with yards and driveways aren’t just for homeownership: You might be surprised to know that 1 in 6 single-family houses across the Seattle metro area is actually rented out.

Single-family home rentals are especially important for families who can’t squeeze into a 1-bedroom apartment but don’t have the money to buy a house. They also are an option for groups of young singles to save on rent by splitting a bigger space.

Now there is finally good news for them after years of steep rent hikes – and there’s a chance that could ultimately help lead to relief in the homebuying market, as well.

Rents in local single-family homes rose a paltry 0.4 percent in February from a year ago, according to a new report from the real-estate data firm CoreLogic.

Read the rest of the articleSingle-family home rents leveling off – and that could be good for buyers, too