The average annual income of landlords has risen by £14,000 a year since the last quarter to a record £89,000, according to analysis by Pegasus Insight.
The research was based on 631 interviews with members of the National Residential Landlords Association (NRLA).
This could mean that respondents are more likely to be professional or portfolio landlords and less likely to be casual landlords than the general population, especially as it was also found that the average landlord portfolio is now worth £1.69 million.
The latest landlord trends report shows that average annual rental income in the first quarter was also £16,000 higher than the same quarter in 2025.
At the same time, Pegasus Insight’s tenant survey shows that the average renter has lived in their current home for more than five years and two-thirds plan to stay beyond the end of the original term.
This showed that 76% say they are satisfied with the service of their landlord or rental agent.
Pegasus founder and managing director Mark Long said: “Much of the debate around the private rental sector focuses on regulation, taxation and the challenges landlords face, but these findings remind us that the underlying fundamentals of the market remain strong.
“The increase in rental income is significant, but perhaps more important is the quality of that income.
“Our Tenant Trends research shows that tenants are staying in their homes longer, are generally satisfied with the rental experience and have little intention of moving.
“Long-term tenants provide landlords with stable, predictable revenue streams and reduce the costs and disruption associated with frequent tenant turnover.
“That stability is valuable for landlords and also beneficial for tenants.
“While affordability pressures remain a concern and landlords continue to face rising compliance and operating costs, demand for rental properties remains robust.
“The PRS continues to provide homes to millions of people who value the flexibility and convenience that renting offers.
“These findings suggest that, despite the uncertainty surrounding future regulations, the core relationship between landlords and tenants remains remarkably resilient.”