As the COVID pandemic continues, so does the allure of single-family rentals. New analysis from Dwellsy.com highlights the largest markets with the most available single-family home rentals. Atlanta, Georgia currently leads the trend along with Texas cities Houston and Dallas.
“Single-family rentals account for approximately 1 out of 3 rentals in the U.S., but have rarely gotten the attention they deserve,” said Jonas Bordo, CEO & Co-Founder of Dwellsy. “Dwellsy is the first and only rental housing marketplace to have a significant inventory of available single-family rentals, so we’re pleased to launch dedicated tracking of this unique market.”
In the past two years, single-family rentals have been by far the most in-demand type of rental housing, resulting in a staggering 35% increase in rent for these types of properties in the past year alone.
In February, the top single-family home rental markets for available rentals were:
|Rank||City||# of Single-Family Home Rentals Available in Feb 2022||Feb ’22 Single Family Home Median Rent||12 Month|
Change in Rent
|1||Houston, TX||17,387||$2,340||+ 16%|
|2||Atlanta, GA||14,399||$2,440||+ 50%|
|3||Dallas, TX||12,080||$2,450||+ 44%|
|4||Phoenix, AZ||8,608||$2,390||+ 31%|
|5||Miami, FL||7,218||$2,700||+ 20%|
This analysis is based on Dwellsy’s industry-leading dataset, which draws from over 12 million rental homes and apartments. In February, Dwellsy analyzed data for more than 446,000 available rentals in over 400 markets across the U.S.