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NMHC Rent Payment Tracker Finds 94.2 Percent of Apartment Households Paid Rent as of June 27
Washington, D.C. – The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 94.2 percent of apartment households made a full or partial rent payment by June 27 in its survey of 11.1 million units of professionally managed apartment units across the country.
This is a 0.5 percentage point decrease from the share who paid rent through June 27, 2019 and compares to 93.3 percent that had paid by May 27, 2020. 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.
“With the support of expanded unemployment benefits, stimulus funds and significant efforts by apartment community owners and operators to help residents impacted by the outbreak of COVID-19 and resulting financial hardships, it seem most renters were once again able to meet their obligations,” said Doug Bibby, NMHC President. “The early steps taken by lawmakers have proven critical to keeping many safely and securely housed. As we move forward and the economy begins to recover, it will be vitally important that lawmakers continue to support the nation’s renters and forestall even greater economic harm.”
Additional data for all rentals can be found in the Census Bureau's Household Pulse Survey >>>
Rent Payment Tracker Webinar Series
After release of the NMHC Rent Payment Tracker data, experts from the five leading property management data companies will provide additional detail on the week's data at a live webinar.
JULY 2020 SCHEDULE
Wednesday, July 8, 2020
11:30 AM - 12:00 PM EDT
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)
ENTRATA
- July Rent Week Payment Trends - July 9, 2020 12:00PM MDT | Webinar - Register Now
- Mid-June Payment Trends | 6/23/20 Webinar Recording
- COVID-19 Rental Housing Trends Report, Conventional | 5/22/20
- COVID-19 Rental Housing Trends Report, Student | 5/22/20
- June Rent Week Payment Trends | 6/9/20 Webinar Recording
- Mid-May Payment Trends | 5/22/20 Webinar Recording
- Rent Week Payment Trends (May) | 5/8/20 Webinar Recording
MRI SOFTWARE
- Impact of COVID-19: A Data-Driven Look at Multifamily, Affordable and Public Housing - June 25, 2020 2:00PM EDT | Webinar - Register Now
- Market Insights: Impact of COVID-19 on Affordable and Public Housing | Report - Download Here
- The Impact of COVID-19 on Multifamily in North America | Report, Part 2 - Download Here
- The Impact of COVID-19 on Multifamily in North America | Report, Part 1 - Download Here
REALPAGE
- COVID-19: Impact on July Rent Payments, Leasing Traffic & Rents - July 9, 2020 2:30PM CDT | Webinar - Register Now
- Apartment Rent Payments as of Mid-June Match the Year-Earlier Pace | Article 6/16/20
- Most Apartment Residents Make Timely Rent Payments in June | Article 6/9/20
- COVID-19: Impact on June Rent Payments, Leasing Traffic, & Rents | 6/9/20 Webinar Recording
- Don't Give Credit Cards the Credit for Apartment Rent Payments | Article 6/1/20
- Apartment Rent Payments by Metro Shift in Late May | Article 5/29/20
- May Apartment Rent Payments Make Progress in Week 2 | Article 5/15/20
- COVID-19: Impact on May Rent Payments, Leasing Traffic, & More | 5/12/20 Webinar Recording
- So Far, So Good (Mostly) on May Apartment Rent Payments | Article 5/8/20
YARDI
Methodology
Data are collected weekly, with the first data collection happening the 1st through the 6th, and all data collections following will be cumulative, for example, the second collection will be the 1st through the 13th, the third will be the 1st through the 20th and so on for the remainder of each month.
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.
Partial payments are counted only once monthly, and the payment is captured in the first time period in which it occurs. For example, if an apartment household pays a quarter of their rent during the week of April 1, it would be captured in the first week. Subsequent payments that month would not be captured in the data to avoid double counting.
The percentages are based on the total occupied units, excluding vacant units, purpose-built student housing, privatized military housing, and subsidized affordable units. The number of total occupied units will change for many of the property management software (PMS) providers as new units are leased or units are vacated; as such, the total number of units in the dataset will fluctuate.
| Release Date | Number of Units | NMHC Press Release |
|---|---|---|
| April 8, 2020 | 13.4 million | Press Release - April 8 |
| April 15, 2020 | 11.5 million | Press Release - April 15 |
| April 22, 2020 | 11.5 million | Press Release - April 22 |
| April 29, 2020 | 11.5 million | None Issued |
| May 8, 2020 | 11.4 million | Press Release - May 8 |
| May 15, 2020 | 11.4 million | Press Release - May 15 |
| May 22, 2020 | 11.4 million | Press Release - May 22 |
| May 29, 2020 | 11.4 million | None Issued |
| June 9, 2020 | 11.5 million | Press Release - June 9 |
| June 16, 2020 | 11.4 million | Press Release - June 16 |
| June 23, 2020 | 11.4 million | Press Release - June 23 |
| June 30, 2020 | 11.1 million | None Issued |
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FAQs
FAQs about the NMHC Rent Payment Tracker data
Press Release
Rent Payment Tracker Webinars
The next webinar is Wednesday, July 8 at 11:30 AM ET. Register >>>
Webinar Recordings are posted within 24 hours of the live event.
Download the Data
This spreadsheet is updated each week with cumualtive data starting from April 1, 2020
Download the data | XLS (updated 6/30/2020)
NMHC Rent Payment Tracker Alerts
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Media Contacts
Entrata
Nate Mathis
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MRI Software
Rachel Antman
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RealPage
Andrea Massey
RealPageMediaRelations@realpage.com
ResMan
Christina Cravens
Christina.cravens@myresman.com
Yardi
Jeff Adler
Jeff.Adler@Yardi.com