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NMHC Rent Payment Tracker Finds 79.2 Percent of Apartment Households Paid Rent as of February 6
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.2 percent of apartment households made a full or partial rent payment by February 6 in its survey of 11.6 million units of professionally managed apartment units across the country.
This is a 1.9 percentage point, or 216,479 household decrease from the share who paid rent through February 6, 2020 and compares to 76.6 percent that had paid by January 6, 2021. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
“As we approach almost a full year of navigating the pandemic and the resulting financial distress, we remain encouraged by the COVID relief package passed at the end of 2020 that included critical support for apartment residents and the nation’s rental housing industry such as $25 billion in rental assistance, extended unemployment benefits and direct payments,” said Doug Bibby, NMHC President.
“However, as lawmakers consider further relief legislation, additional support for renters is clearly needed. Estimates of 2020 lost rent alone range from $27 billion to nearly $60 billion, despite the impact of previous federal COVID relief efforts. In the coming days and weeks, we urge members of Congress to pass legislation that directly meets renters’ basic financial hardships, protects the nation’s rental housing industry and efficiently provides funds to those who need it most.”
The next Rent Payment Tracker data update will be at 10am ET, March 9, 2021
Explore the Data
**Unit counts may change to reflect refinements to the methodologies and changing occupancy levels due to move in-move out activity.
* These figures are as initially reported; these are calendar days, so the specific day of the week can have an affect on these reported figures, as leasing offices can have reduced hours or be closed on those days, creating potential delays for payment processing.
Resources from our PMS Providers
(Includes some regional data)
- Market Insights: The Impact of COVID-19 on the Multifamily Industry, January 2021 | Report - Download Here
- State of the Market: Looking Ahead to Multifamily in 2021 | On Demand Webinar - Watch Here
- Market Insights: The Impact of COVID-19 on Multifamily, Affordable and Public Housing in 2020 | Report - Download Here
- Market Insights: The Impact of COVID-19 on the Multifamily Industry, November 2020 | Report - Download Here
- Apartment Rent Payments Again Off Moderately as of February 20 | Article 2/23/21
- Apartment Rent Payment Results for Mid-February Continue to Trail | Article 2/16/21
- Apartment Rent Payments at 79.2% in Early February | Article 2/9/21
- Apartment Rent Payment Info for Late January | Article 1/29/21
- Apartment Rent Payments at 88.6% as of January 20 | Article 1/22/21
- Apartment Rent Payments at 76.6% in Early January | Article 1/8/21
- Apartment Rent Payments Off in Late December | Article 12/29/20
- Apartment Rent Payments at 89.8% as of December 20 | Article 12/22/20
- Apartment Rent Payments Slide as of Mid-December | Article 12/15/20
- Apartment Rent Payments Start Slow (Maybe) in Early December | Article 12/8/20
The NMHC Rent Payment Tracker is a cumulative data tool. Approximately every other week, the PMS providers submit two data points to NMHC: the percentage of apartment households that paid their rent for a specific time period and the total number of occupied units in their data universe (see exclusions listed above). Data is submitted on the following schedule: week one: from the first day of the month through COB on the 6th and from the 1st through the last day of the month, giving us a monthly data point for the “percent who paid”. To recap, the “percent who paid” number will increase each week, until we reach our final “percent who paid” number for the month (see below for how partial rent payments are addressed).
When establishing the initial dates for the Rent Payment Tracker, NMHC wanted to track when rent was officially "late" and used the close of business on the 5th as that date. After consultation with property managers and data providers we were informed that a variety of dates are used to determine when rent is considered late, with some saying rent isn't late until as late as the 10th. In addition, those that use the 5th as their deadline reported that many people pay on the last day possible and that some of those payments aren't posted until the 6th. Based on this information, NMHC adjusted its methodology to make the close of business on the 6th the deadline for the first week. Moving this date also moved all other reporting dates by one day.
|Release Date||Number of Units||NMHC Press Release|
|February 9, 2021||11.6 million||Press Release - February 9|
|January 8, 2021||almost 11.3 million||Press Release - January 8|
|December 8, 2020||11.5 million||Press Release - December 8|
|November 10, 2020||11.5 million||Press Release - November 10|
|October 15, 2020||11.5 million||Press Release - October 15|
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Download the Data
This spreadsheet is updated each week with cumualtive data starting from April 1, 2020
Download the data | XLS (updated 2/09/2021)
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