A day after the National Multifamily Housing Council (NMHC) debuted its Rent Payment Tracker, metro-level data is emerging on how rent-paying habits have changed in the wake of the COVID pandemic.
In the DC area, 71% of renter households had paid rent through the first five days of April, property management software provider RealPage has shared with UrbanTurf. This represents about a 13% drop from the payment rate seen during the same period last year (83.8%). The shift also nearly mirrors that seen nationwide, where 12% fewer renter households paid on time in April.
"The year-over-year drop in Washington, D.C. is similar to what has been seen in other notable gateway markets like San Francisco, Chicago, and Boston," RealPage market analyst Adam Couch told UrbanTurf. "However, one notable characteristic for Washington, D.C. is that it’s the nation’s capital. Government jobs tend to be the most stable employment category, and is the only job sector that added jobs in the past month."
This data covers the metropolitan statistical area, which spans from Jefferson County, West Virginia to Frederick, Maryland.
Thumbnail photo by Ted Eytan.
This article originally published at https://dc.urbanturf.com/articles/blog/april-13-drop-in-dc-area-tenants-paying-rent-on-time/16699.
Most Popular... This Week • Last 30 Days • Ever
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
Plans for the New York-based eatery appear to be moving forward.... read »
EDENS filed a planned unit development for a two-building residential development tha... read »
One of the more prominent features of the project will be a public plaza that will ru... read »
Foxhall is a DC neighborhood bordered by Reservoir Road, Foxhall Road, Glover Park, a... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
As home buyers get the itch to look for a home and start to venture out to open house... read »
The development will replace the 44,700 square-foot retail structure that was previou... read »
The concept includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar ... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro