Zillow Research
Housing market insights, data, and forecasting from Zillow’s economists.
Zillow: CPI Shelter Forecast, September 2026
Zillow forecasts 2.7% rent inflation, 3.1% OER inflation annually in September, as measured by the Consumer Price Index.
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Housing Market
Rental Market
Market Reports
New Construction
In One-Third of Major Markets, New Homes Cost Less Per Square Foot Than Existing Homes
Sun Belt markets where building has boomed account for most of the markets where new construction offers the best value
Snackable Facts
For every one Zillow listing, there are an average five-and-a-half shoppers
For every one Zillow listing, there are an average five-and-a-half shoppers. This number jumps to thirteen in some Northwest and West Coast markets.
Even at current mortgage rates, the median income household can afford a home in only 12 major markets
While we expect rates to continue to moderate, they’ll likely remain above 6% in the coming year.
58% of recent renters considered buying
58% of recent renters considered buying. Down payment, credit, and product design trends help them figure out how to make the math work—with tools like Buyability.
Macroeconomy, Policy & Industry
Housing Data Explorer
Download datasets, view methodology, and explore time series.
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