Single-family Rental: Rent and Vacancy Dynamics - Metros with low vacancy rates have faster rent growth
The single-family rental stock has grown by more than one-third over the past decade, and today there are as many rental homes in single-family properties as there are in large rental apartment buildings.
While there has been a growing number of firms that specialize in single-family rental ownership, today it’s still the individual investor, often called ‘mom and pop’ owners, who own about 80 percent of the homes. (Figure 1) In contrast, about four-in-five large apartment buildings are owned by partnerships, corporations, or REITs. Read More