Build-to-Rent Boom Signaled as 110,000+ Single-Family Rentals are Under Construction
With occupancy levels at 95% and over 110,000 single-family rentals currently underway in 613 communities across the U.S, the build-to-rent market is surging.
Once completed, they will expand the country’s single-family rental inventory by a remarkable 53.5%, addressing the growing demand for flexible and spacious housing options.
Here are some key highlights from Point2Homes’ latest report:
- Metros with the Most Units in the Pipeline: Phoenix leads the nation with 13,113 single-family rentals underway, surpassing every other metro and even all states except Texas, Arizona itself, and Florida. Dallas follows with 8,470 units, and Atlanta comes in third with 6,885 units.
- States with the Most Units in the Pipeline: Texas is the national frontrunner with 21,812 single-family rentals underway, which will represent an impressive 70% inventory boost once completed. Arizona and Florida round out the podium, each with nearly 14,000 units, though they trail significantly behind Texas’ considerable advantage.
- Rising Inventory Nationwide: States like Nebraska, Rhode Island, Delaware, New Hampshire, North Carolina, New Mexico and Virginia will see remarkable percentage growth in single-family rental supply of over 100%, with Nebraska standing out at a 255% increase. While these states have smaller overall inventories, their rapid expansion highlights the growing demand for build-to-rent communities beyond major markets.