Zillow Research
Housing market insights, data, and forecasting from Zillow’s economists.
Zillow: CPI Shelter Forecast, August 2026
Zillow forecasts 2.8% rent inflation, 3.2% OER inflation annually in August, as measured by the Consumer Price Index.
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Insights
Snackable Facts
For every one Zillow listing, there are an average five-and-a-half shoppers
For every one Zillow listing, there are an average five-and-a-half shoppers. This number jumps to thirteen in some Northwest and West Coast markets.
Even at current mortgage rates, the median income household can afford a home in only 12 major markets
While we expect rates to continue to moderate, they’ll likely remain above 6% in the coming year.
58% of recent renters considered buying
58% of recent renters considered buying. Down payment, credit, and product design trends help them figure out how to make the math work—with tools like Buyability.
Forecasts
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