Zillow: CPI Shelter Forecast, May 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will remain somewhat elevated for now, softening towards the end of 2025.
Renting
CPI Shelter Forecast, April 2025: Persistent rent growth expected through the summer season
Zillow's CPI shelter forecast sees rent inflation remaining elevated for now, softening by the end of 2025.
CPI Shelter Forecasts: Surprising jump in owner’s equivalent rent
Owner's equivalent rent jumps to 4.93% annualized monthly growth, despite no real change in Zillow's CPI shelter release forecast. Still expecting more aggressively by the end of 2025 into the next.
Rent Concessions Plateau as Busier Spring Season Nears (February 2025 Rental Market Report)
Rental demand shifts, with multifamily rent growth outpacing that of single-family homes
The Price of Independence Is Rising for Renters As the ‘Singles Tax’ Tops $7,500
The price of living alone climbs again, with solo renters paying thousands more
Record-setting concessions on rentals may be poised to decline as the home shopping season nears
Concessions continue to break records, with nearly 41% of all Zillow rental listings offering freebies in December.
Zillow’s Insights on CPI and ZORI: Understanding the Future of Shelter Inflation
Zillow Economics predicts shelter CPI inflation – and the results remind us that unless active rental markets moderate even more, the U.S. economy as a whole will continue to grapple with the strain of rising costs of living well into 2025.
