Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Arkansas
Quarterly, Seasonally Adjusted
ARRERENTLEAQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.44
Year-over-Year Change
6.25%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the average rent paid by residential tenants in the United States. It is a key indicator of housing affordability and cost of living trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series provides a comprehensive, seasonally adjusted measure of rental costs for U.S. households on a quarterly basis. It is widely used by economists, policymakers, and researchers to assess the state of the housing market and evaluate the impact of economic conditions on household budgets.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and seasonally adjusted by the Federal Reserve.
Historical Context
The Quarterly, Seasonally Adjusted rent index is a critical input for calculating the Consumer Price Index (CPI) and monitoring inflation.
Key Facts
- The average U.S. residential rent rose 7.1% in Q3 2022 compared to the prior year.
- Rental costs account for over 30% of the Consumer Price Index (CPI).
- Rental affordability has declined in recent years due to a shortage of affordable housing supply.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the average rent paid by residential tenants in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This rent index is a critical indicator of housing affordability and a key input for calculating the Consumer Price Index, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and seasonally adjusted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted rent index is used by the Federal Reserve and other policymakers to monitor inflation and the state of the housing market, informing decisions on monetary policy and housing regulations.
Q: Are there update delays or limitations?
A: The rent index data is published quarterly with a short delay, and may not fully capture rapid changes in local rental markets.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ARRERENTLEAQQGSP), retrieved from FRED.