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.