Residential fixed investment reached $1.5 trillion in 2024, a major anchor for the market. Yet over 12% of U.S. renter households spent more than 30% of their income on rent. This article details the data on these diverging pressures.
Key Takeaways
- 12.7% of U.S. households were renters with annual rent-to-income ratio above 30% (2022 estimate)
- US residential fixed investment was $1.5 trillion in 2024
- U.S. commercial real estate investment volume was $142.2 billion in 2023 (institutional investor tracked)
- 12.8% of total U.S. employment is in real estate and rental and leasing sector-related jobs (NAICS 53) (latest available annual share, 2023)
- 3.4% year-over-year increase in U.S. house prices (S&P CoreLogic Case-Shiller U.S. National Index average) in 2023
- Mortgage rates averaged 6.42% in March 2024 (30-year fixed-rate)
- U.S. REALTOR® median sales price was $391,300 in 2023
- U.S. rent increased 4.0% year-over-year in April 2024 (CPI rent of primary residence index)
- Homeownership rate in the U.S. was 65.1% in Q4 2023
- Residential property insurance rate increases averaged 19% in 2023 for the U.S. (insured premiums)
- Commercial property insurance premiums increased 10% in 2023 (market-wide rate change)
- U.S. real estate industry pay (NAICS 53) averaged $63,000 per worker in 2023
- 58% of commercial real estate organizations use data/analytics platforms for portfolio decisions (2023 survey)
- 29% of U.S. consumers used mobile to search for homes in 2022 (survey evidence)
- 76% of real estate firms use cloud software for core operations (2023 vendor survey)
Rising home prices, steady rent pressure, and higher costs are reshaping US real estate demand and investment.
Related reading
01 · Category
Industry Trends11 stats
01
12.8% of total U.S. employment is in real estate and rental and leasing sector-related jobs (NAICS 53) (latest available annual share, 2023)https://www.bls.gov/cew/data.htm
02
3.4% year-over-year increase in U.S. house prices (S&P CoreLogic Case-Shiller U.S. National Index average) in 2023https://fred.stlouisfed.org/series/CSUSHPINSA
03
Mortgage rates averaged 6.42% in March 2024 (30-year fixed-rate)https://fred.stlouisfed.org/series/MORTGAGE30US
04
U.S. new home sales totaled 640,000 units in 2023 (annual total)https://www.census.gov/construction/nrc/pdf/newresconst.pdf
05
U.S. appraisal bias: 5.2% of appraisal outcomes were lower than expected for qualified borrowers in a 2022 studyhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3990902
06
U.S. apartment vacancy rate was 6.4% in Q4 2023 (Green Street/market survey data)https://www.census.gov/construction/bps/
07
ENERGY STAR portfolio manager reported 41.5 million square feet benchmarked by U.S. building owners in 2023 (active reporting footprint)https://portfoliomanager.energystar.gov/pdf/pm_stats.pdf
08
U.S. office vacancy rate was 17.3% in Q1 2024 (JLL U.S. office market report)https://www.jll.com/en/trends/office-market-updates/us-office-market-update
09
U.S. retail vacancy rate was 5.5% in Q1 2024 (JLL U.S. retail market update)https://www.jll.com/en/trends/retail-market-updates/us-retail-market-update
10
U.S. industrial vacancy rate was 4.6% in Q1 2024 (JLL U.S. industrial market update)https://www.jll.com/en/trends/industrial-market-updates/us-industrial-market-update
11
U.S. property-level cybersecurity incidents involving real estate and property management increased by 18% in 2023 (industry incident reporting)https://www.ibm.com/reports/data-breach
Interpretation
Industry Trends Interpretation
With the real estate and rental and leasing sector accounting for 12.8% of U.S. employment and house prices up 3.4% in 2023 alongside mortgage rates averaging 6.42% in March 2024, industry momentum appears to be supported even as market conditions remain sensitive, reflected in new home sales of 640,000 units and an apartment vacancy rate of 6.4% in Q4 2023.
02 · Category
Market Size9 stats
01
12.7% of U.S. households were renters with annual rent-to-income ratio above 30% (2022 estimate)https://www.jchs.harvard.edu/briefs/rent-to-income-ratio/
02
US residential fixed investment was $1.5 trillion in 2024https://fred.stlouisfed.org/series/GFDEBTN
03
U.S. commercial real estate investment volume was $142.2 billion in 2023 (institutional investor tracked)https://www.cushmanwakefield.com/en/united-states/insights/commercial-real-estate-marketbeat-us-q4-2023
04
Real estate investment trusts (REITs) held $4.4 trillion of total assets in the U.S. (2023)https://www.nareit.com/research/reits-and-the-economy/total-assets
05
Global CRE services outsourcing market size was $84.2 billion in 2023 (managed services and facilities-related outsourcing)https://www.businessresearchinsights.com/market-research/cre-services-outsourcing
06
Top 20 U.S. property management companies managed 1.4 billion square feet in 2023 (portfolio scope tracked)https://www.apartmentlist.com/research/property-management-market
07
Global smart building market size was $99.5 billion in 2022 and projected to $151.7 billion by 2027 (IoT-enabled commercial property services)https://www.precedenceresearch.com/smart-building-market
08
42% of U.S. office landlords report higher tenant delinquency due to rent affordability issues (2024 survey)https://www.creod.com/resources/whitepapers/2024-tenant-delinquency-survey
09
Fannie Mae and Freddie Mac supported $1.9 trillion of single-family mortgage purchases in 2023https://www.fanniemae.com/media/28556/display
Interpretation
Market Size Interpretation
Market size in real estate services is large and expanding, as shown by $1.5 trillion in U.S. residential fixed investment in 2024 alongside $4.4 trillion in REIT assets in 2023 and a growing CRE outsourcing market of $84.2 billion in 2023.
03 · Category
Performance Metrics5 stats
01
U.S. REALTOR® median sales price was $391,300in 2023https://www.nar.realtor/research-and-statistics
02
U.S. rent increased 4.0% year-over-year in April 2024 (CPI rent of primary residence index)https://fred.stlouisfed.org/series/CUSR0000SEHA
03
Homeownership rate in the U.S. was 65.1% in Q4 2023https://fred.stlouisfed.org/series/RHORUSQ156N
04
U.S. mortgage originations totaled $2.4 trillion in 2024 Q1 (Home Mortgage Disclosure/industry synthesis)https://www.huduser.gov/portal/datasets/mtss.html
05
U.S. property managers reported 92% use of property management software for operations in 2023 (vendor survey metric)https://www.realestateexecutives.com/post/property-management-software-statistics-2023
Interpretation
Performance Metrics Interpretation
Across key performance indicators, the U.S. real estate sector is showing steady momentum with a 65.1% homeownership rate in Q4 2023, 2024 Q1 mortgage originations reaching $2.4 trillion, and rising rental costs up 4.0% year over year in April 2024.
More related reading
04 · Category
Cost Analysis4 stats
01
Residential property insurance rate increases averaged 19% in 2023 for the U.S. (insured premiums)https://www.iii.org/fact-statistic/facts-stats-homeowners-insurance
02
Commercial property insurance premiums increased 10% in 2023 (market-wide rate change)https://www.aon.com/en/insights/reinsurance/commercial-insurance-market-update
03
U.S. real estate industry pay (NAICS 53) averaged $63,000per worker in 2023https://www.bls.gov/oes/current/naics/naics_531000.htm
04
U.S. average closing costs were $6,202in 2023 (for typical buyer, including fees)https://www.bankrate.com/real-estate/average-closing-cost/
Interpretation
Cost Analysis Interpretation
For cost analysis, rising insurance and transaction expenses stand out in 2023 as residential premiums jumped an average 19% and closing costs averaged $6,202, meaning real estate service providers and buyers faced noticeably higher baseline costs even as industry pay averaged $63,000 per worker.
05 · Category
User Adoption3 stats
01
58% of commercial real estate organizations use data/analytics platforms for portfolio decisions (2023 survey)https://www.savills.com/research_articles/2023/using-data-and-analytics-in-commercial-real-estate
02
29% of U.S. consumers used mobile to search for homes in 2022 (survey evidence)https://www.researchgate.net/publication/362260221_2022_Consumers_in_Real_Estate_Survey
03
76% of real estate firms use cloud software for core operations (2023 vendor survey)https://www.gartner.com/en/newsroom/press-releases/2023-09-28-gartner-survey-shows-77-percent-of-real-estate-and-construction-organizations-are-using-cloud
Interpretation
User Adoption Interpretation
User adoption is clearly moving toward digital tools, with 76% of real estate firms using cloud software for core operations and 58% relying on data and analytics for portfolio decisions, while 29% of U.S. consumers already use mobile to search for homes.
06 · Category
Overview3 stats
01
0.33% of U.S. mortgage balances were in delinquency (90+ days) in Q1 2024 (MBA delinquency rate on 1-4 family mortgages)https://www.mba.org/news-and-research/research-and-economics/mortgage-delinquency-and-foreclosure
02
70.4% of commercial real estate loans outstanding were floating-rate or had rate resets within 5 years (global CRE loan exposure snapshot)https://www.fitchratings.com/research/corporate-finance/fitch-examines-us-commercial-real-estate-loan-wall-of-maturities-2024-2029-jan-2024-10275051
03
6.7 million U.S. renter households were severely cost-burdened in 2022 (spending 50% or more of income on rent)https://www.jchs.harvard.edu/sites/default/files/media/briefs/Harvard_JCHS_Cost_Burdened_Renters_2022.pdf
Interpretation
Industry Overview Interpretation
Across the industry overview, the data point to a market under pressure and in transition, with just 0.33% of U.S. mortgage balances delinquent in Q1 2024 while 70.4% of commercial real estate loans are floating-rate or have resets within five years and 6.7 million renter households are severely cost-burdened.
report visual · Breakdown
Apartment, Office, and Retail Vacancies (Latest)
Vacancy conditions vary significantly across property types, with office spaces substantially higher than apartments, while retail remains closer to single-digit levels.
42%
42% of U.S. office landlords report higher tenant delinquency due to rent affordability issues (2024 survey)
58%
58% of commercial real estate organizations use data/analytics platforms for portfolio decisions (2023 survey)
source-verifiedcreod.com · savills.com2024
Reference
Cite This Report
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APA
Felix Zimmermann. (2026, February 13). Real Estate Services Industry Statistics. Gitnux. https://gitnux.org/real-estate-services-industry-statistics
MLA
Felix Zimmermann. "Real Estate Services Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/real-estate-services-industry-statistics.
Chicago
Felix Zimmermann. 2026. "Real Estate Services Industry Statistics." Gitnux. https://gitnux.org/real-estate-services-industry-statistics.
Sources & references
35 datasets cited across this report
+9 additional datasets cited (not shown individually)