Currently Reading

Pandemic’s Top Performing Real Estate: Built-for-Rent

Built for Rent

Pandemic’s Top Performing Real Estate: Built-for-Rent

November 9, 2020
Single-family detached homes that are built for rent
Photo: Konstantin L

No other real estate sector’s performance during the pandemic can match that of the single-family rental space, says John Burns Real Estate Consulting. Both single-family detached and attached homes fall into this category. But the subset of the single-family rental space, built-for-rent, is the true “winner” in terms of market attractiveness. Though the pandemic did not cause the single-family built-for-rent trend, it has propelled it forward tremendously. This could be because single-family rents are more stable and reliable than apartment rent or even single-family home prices. Even during recessions, single-family rent growth has remained steady.

Single-family rents are more stable than apartments or home prices. On a national basis, single-family rent growth has historically stayed positive, even during recessions. We recently published our Burns Single-Family Rent Index report, which showed US single-family rents up 3.9% YOY in August, exceeding the 3.4% YOY historical average dating back to 1985 (more analysis here). Not one of the 63 markets we track nationally experienced YOY rent declines. Sector fundamentals remain solid. John Burns Real Estate Consulting is currently forecasting annual SFR rent growth in 2020 and 2021. We expect those Sunbelt markets with diversified economies that were outperforming pre-COVID will continue post-pandemic. We anticipate high-growth markets like Phoenix, Salt Lake City, Tampa, Dallas, and Charlotte will outperform the nation overall.

Read More

Related Stories

Market Data + Trends

Cities See Double-Digit Rent Decreases

According to the October Rent Report from Apartment List, rent prices are dropping across the United States for some cities but rising in others.…

Built for Rent

What's the Future of Built-for-Rent Single-Family Homes?

Built-for-rent single-family housing has grown in popularity for the past eight years due to intense demand. Renters include Millennials who are…

House Review

Urban Townhome Designs That Show Density Isn't a Dirty Word

Four great examples of higher-density projects designed with ample open areas and private outdoor spaces


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.