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Assets
Financial Assets$61.8T
Stocks & Equities$47.2T
21% of households
Cash & Deposits$9.6T
99% of households
Bonds & Fixed Income$6.2T
1% of households
Retirement & Tax-Adv.$77.8T
Retirement Accounts$48.1T
54% of households
IRAs$18.9T
31% of households
401(k) Plans$10.0T
50% of households
529 Plans$603B
13% of households
HSAs$159B
27% of households
Real Assets$87.1T
Real Estate$48.0T
66% of households
Commercial Real Estate$22.5T
6% of households
Residential Rentals$10.3T
13% of households
Farms$3.6T
1.5% of households
Vehicles$2.4T
87% of households
Mineral Rights$314B
9% of households
Business & Insurance$20.1T
Private Business$16.0T
15% of households
Life Insurance$2.2T
16% of households
RSUs & Equity Comp$2.1T
8% of households
Total Assets $181.6T
Ownership %: Federal Reserve SCF, 2022
Liabilities
Housing Debt$14.8T
Mortgages$13.77T
42% of households
HELOCs$434B
4% of households
HELOANs$562B
~3% of households
Consumer Credit$3.6T
Vehicle Loans$1.67T
35% of households
Credit Cards$1.33T
45% of households
Personal Loans$276B
19% of households
Vehicle Leases$209B
~10% of households
BNPL Debt$70B
~17% of households
Education & Health$2.1T
Student Loans$1.66T
22% of households
Medical Debt$194B
~14% of households
Deferred Medical$200B
~36% of households
Other Debt$2.2T
Margin Loans & SBLOCs$1.23T
~4% of households
Personal Guarantees$840B
~6% of households
Insurance Policy Loans$151B
~5% of households
Total Liabilities $20.9T
Holding %: Federal Reserve SCF 2022 & agency estimates
Net Worth
Overview By Percentile By Age
Cash Flow
Income Spending Taxes Debt Service Savings
Households
Overview By Age By Generation
Home / Assets / Residential Rental Properties

Residential Rental Properties

Time series data on the value of U.S. residential rental properties, rental housing inventory, landlord counts, and total gross rental income.

Rental property values reached $10.3T across 49.4M units in Q4 2024
Data View Commentary →
Value of Residential Rental Real Estate
$10.3T Q4 2024
Source: Federal Reserve Z.1 Financial Accounts · Noncorporate business residential real estate at market value, Q4 snapshots, 2000–2024
Total Rental Housing Units
49.4M Q4 2025
Source: U.S. Census Bureau / HUD · Renter-occupied units plus vacant-for-rent units, Q4 snapshots, 2000–2025
Average Value per Rental Unit
$211,680 Q4 2024
Source: Federal Reserve Z.1 / Census / HUD · Total noncorporate residential RE value ÷ total rental housing units, Q4 snapshots, 2000–2024
Individual Tax Filers Reporting Rental Income
11.3M 2022
Source: IRS Statistics of Income, Table 1.4 · Individual returns reporting rental net income or net loss on Schedule E, 2000–2022
Average Monthly Rent
$1,467/mo 2025
Source: Bureau of Labor Statistics, CPI / Census ACS · CPI Rent of Primary Residence index anchored to Census ACS median gross rent, annual, 2000–2025
Total Annual Gross Rental Income
$776.7B 2025
Source: Bureau of Economic Analysis, NIPA · Personal consumption expenditures on tenant-occupied nonfarm dwelling rent, annual, 2000–2025
Households Living in Rentals
45.9M Q4 2025
Source: U.S. Census Bureau / HUD · Renter-occupied housing units, Q4 snapshots, 2000–2025

Key Data

Summary metrics on U.S. residential rental properties, landlord ownership, and income.

Metric Value As Of Source
Value of Residential Rental Real Estate $10.3 Trillion Q4 2024 Fed Z.1
Average Value per Rental Unit $211,680 Q4 2024 Fed Z.1 / Census
Total Rental Housing Units 49.4 Million Q4 2025 Census / HUD
Renter-Occupied Households 45.9 Million Q4 2025 Census / HUD
Rental Vacancy Rate 7.2% Q4 2025 Census / HUD
Total Rental Properties ~19.3 Million 2021 RHFS
Individual Tax Filers with Rental Income 11.3 Million 2022 IRS SOI
Properties Owned by Individuals ~70% 2021 RHFS
Total Annual Gross Rental Income $776.7 Billion 2025 BEA / FRED
Average Monthly Rent $1,467/mo 2025 BLS CPI / ACS
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