Housing Market Trends Drive Single-Family Home Rental Prices

The cost to rent a single-family home spiked 10.9% in October as supply fails to meet demand.

If you're looking to rent a single-family home, you are in for some sticker shock. Rent for these properties shot up nearly 11% in October. The massive jump is due to a familiar scenario — too much demand and not enough supply.

Related StoryEvictions On The Rise Months After Federal Moratorium Ends

Vacancy rates are at a 25-year low and many in the market have been priced out of buying a home — forcing them to rent instead.