DHS Links Higher ICE Deportations to Largest Rent Drops

US Politics25 days ago

States with the highest volume of illegal immigrant removals are experiencing the steepest declines in rental prices, the Department of Homeland Security reported. The agency's data shows that the largest decreases in housing costs are concentrated in regions where Immigration and Customs Enforcement has intensified its deportation efforts.

DHS officials attribute the trend to falling net migration, which has eased overall housing demand. The findings confirm a trend previously identified in a June 17 2026 study by the Morse Report that linked mass deportations to a reduction in housing costs.

Mapped to your portfolio

Possible scenarios

35%Enforcement Narrative Expands-0.1%
30%Backlash And Litigation-0.1%
20%Housing Data Reframed-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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DHS Links Higher ICE Deportations to Largest Rent Drops

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United States Department of Homeland Security U.S. Immigration and Customs Enforcement

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

35%Enforcement Narrative Expands-0.1%
30%Backlash And Litigation-0.1%
20%Housing Data Reframed-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.