NMHC Rent Payment Tracker

Powered by:
Entrata, MRI Software, RealPage,
ResMan, and Yardi

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.”

Register for the March 9 webinar >>> | Watch the Feb. 9 webinar >>>

Additional data for all rentals can be found in the Census Bureau's Household Pulse Survey >>>

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.

Download the data from this chart.

Upcoming Webinar Schedule:

All webinars are from 11:30 AM to 12:15 PM ET

Webinar Date	Guest Speaker		Registration
Tues. Mar. 9, 2021		Joanna Zabriskie, President & CEO, BH Management	Register

View Previous Webinars >>>

Resources from our PMS Providers

(Includes some regional data)

ENTRATA

2020 Year in Rents Review | On Demand Webinar - Watch Here

MRI SOFTWARE

REALPAGE

YARDI

Methodology

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