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- 4 charts show how the current rental market and housing market differ across the country
4 charts show how the current rental market and housing market differ across the country
Here are four tables showing year-over-year changes in single-family rents, multifamily rents, single-family home prices, and condo prices across America’s 50 largest metro housing markets.
Lance Lambert
January 05, 2026
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How the rental market and housing market vary across the country, as told by 4 tables
Every month, we send our ResiClub members a table showing home price shifts—including single-family and condos—across America’s largest metro area housing markets.
Of course, there can be significant variation by product type—the same is true for rents.
Look no further than the Tampa, FL metro area housing market:
+1.3% → year-over-year shift in single-family rents in the Tampa metro
-2.1% → year-over-year shift in multifamily rents in the Tampa metro
-5.7% → year-over-year shift in single-family home prices in the Tampa metro
-12.3% → year-over-year shift in condo home prices in the Tampa metro
While much of Florida is still passing through a post–Pandemic Housing Boom correction, the state’s condo market is experiencing a deeper pullback. Following the Surfside condo collapse in June 2021—which killed 98 people—Florida enacted new structural safety rules requiring more frequent inspections and mandating that associations set aside additional funds for repairs by the end of 2024. As a result, many Florida HOAs have imposed steep special assessments and raised monthly HOA fees to cover these costs. The impact has been most pronounced in older coastal condo buildings.
To better understand housing and rental dynamics across the country, today’s issue includes four tables showing year-over-year changes in single-family rents, multifamily rents, single-family home prices, and condo home prices across America’s 50 largest metro housing markets. ResiClub’s analysis uses Zillow data.
Click here to view a searchable table for SFR rents across +500 metro/micro area markets
Click here to view a searchable table for multifamily rents across +500 metro/micro area markets
Click here to view a searchable table for SFH home prices across +800 metro/micro area markets
Click here to view a searchable table for condo home prices across +500 metro/micro area markets
Note: The data above is NOT seasonally adjusted. For home prices, the data reflects the tail end of the seasonally soft period for month-over-month reporting.
For deeper—county and ZIP Code level—insights, ResiClub members should access the ResiClub Terminal.
Apollo leads $1.2B investment into billionaire Brad Jacobs’ building materials play
Today, it was announced that investment giant Apollo Global Management and other major investors will invest $1.2 billion into QXO—the building products materials giant that billionaire Brad Jacobs is forming.
My takeaway? We should expect QXO to start getting more aggressive with its acquisitions in the building materials space.
Back in October 2023, I spoke with Jacobs, and he outlined how he planned to use his tried-and-proven business playbook to build a juggernaut in the building products space.
“I’m going to build a large building products distributor… I’ve started seven companies that all became billion or multi-billion dollar companies… I want the advantage of size, economies of scale. I want to be able to lower costs.”
“There are $20 and $30 billion dollar players already. Builders FirstSource, you got Ferguson. Great companies, real fine companies. But I’m planning to do something larger than that.”
“Primarily through acquisitions [is how I plan to build it]. If you look at my background, the teams I’ve led have done 500 acquisitions. M&A [mergers and acquisitions] is a tool in my tool kit I’ve used quite a bit. I think there’s a lot of room for creative M&A in the building products distribution space. The market is highly fragmented. You have 7,000 distributors here in North America, and almost twice that 13,000 in Europe. Most of them are private.”
Acquisitions in the building materials space have accelerated since billionaire and serial entrepreneur Jacobs entered the market and launched QXO. Some of those acquisitions are being made by QXO; others are by established giants in the industry that seemingly are trying to fend off QXO’s ascent.
March 2025 -> QXO acquisition of Beacon Building Products for $11 billion
June 2025 -> The Home Depot acquisition of Gypsum Management and Supply for $5 billion (QXO was trying to acquire GMS)
August 2025 -> Lowe's to buy Foundation Building Materials for $8.8 billion