what is owners equivalent rent oer 
owners equivalent rent oer is the amount of rent that would have to be paid in order to substitute a currently owned house as a rental property this value is also referred to as the rental equivalent in other words oer figures the amount of monthly rent that would be equivalent to the monthly expenses of owning a property e g mortgage taxes etc understanding owners equivalent rentowners equivalent rent is a statistic that is followed by homeowners and tracked by the bureau of labor statistics the data used for calculating owners equivalent rent is obtained through surveys which ask members of a household called a consumer unit the following question if someone were to rent your home today how much do you think it would rent for monthly unfurnished and without utilities oer is a commonly cited measure that provides a gauge for changes in real estate market values if oer is high it may be more worthwhile to buy a home rather than rent it on the other hand if oer is low renting might be a better prospect owners equivalent rent typically changes with movements in the consumer price index oer increases over time and was steadily increasing up until 2022 when the economy was hit with high inflation which saw oer increase at higher rates than before 2022 1evaluating oer