Renters tend to be prioritizing making monthly payments to their landlords amid the Covid-19 pandemic, according to a new analysis conducted by Freddie Mac.
Freddie Mac’s study found:
- 93.6 percent of renters paid full or partial rent in May.
- 94.2 percent paid full or partial rent in June.
- The finding most closely aligns with the National Multifamily Housing Council Rental Payment Tracker, which reported 95.1 percent in May and 95.5 percent in June.
“The surveys analyzed in this report provide valuable insight into the rental market during this unprecedented time and it is important to consider what each source captures and how that fits into the bigger picture,” said Steve Guggenmos, vice president of Multifamily Research and Modeling at Freddie Mac. “The data shows that rent payment has remained healthier than some market participants anticipated throughout the crisis because renters are prioritizing making their rent payments, even in financially stressed households.”
Here is a look at payments by month:
Read the full report here.