THE BIG FINISH
WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS
Source: August Trulia report entitled "The Single-Family Rental Wave Has Crested… Here's How It's Shaken Out."
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THE RISE OF SINGLE-FAMILY RENTAL
As the 2008 financial crisis unfolded and foreclosure rates climbed, a decade-long reshaping of the housing market began. All these
years later, foreclosures are at historic lows and the market is booming. However, with home prices soaring and inventory failing to keep
up in many cities around the U.S., many consumers are forced to rent instead.
A recent Trulia report examined how the percentage of single-family rentals increased between 2006 and 2016, determining which
American markets saw the greatest increases in SFR homes during that decade-long timeline. With the Motor City leading the pack,
here's how the other top SFR havens break down.
METRO AREA
PERCENT OF SFR HOMES
THAT ARE RENTALS—2006
PERCENT OF SFR HOMES
THAT ARE RENTALS—2016
DETROIT, MICHIGAN
14.69% 24.65%
LAS VEGAS, NEVADA
17.76% 27.21%
MEMPHIS, TENNESSEE
15.84% 25.09%
FORT LAUDERDALE, FLORIDA
8.28% 17.39%
ATLANTA, GEORGIA
11.58% 19.91%
PHOENIX, ARIZONA
13.51% 21.50%
RIVERSIDE-SAN BERNARDINO, CALIFORNIA
17.05% 24.71%
CAPE CORAL-FORT MYERS, FLORIDA
12.25% 19.42%
TAMPA-ST. PETERSBURG, FLORIDA
12.25% 18.68%
TUCSON, ARIZONA
14.82% 21.06%
SACRAMENTO, CALIFORNIA
15.47% 21.51%
COLORADO SPRINGS, COLORADO
11.84% 17.81%
WEST PALM BEACH, FLORIDA
9.67% 15.60%
MIAMI, FLORIDA
14.97% 20.88%
ORLANDO, FLORIDA
13.41% 19.10%
VENTURA COUNTY, CALIFORNIA
15.49% 21.17%
BAKERSFIELD, CALIFORNIA
23.23% 28.86%
WARREN-TROY-FARMINGTON HILLS, MICHIGAN
5.87% 11.50%
FORT WORTH, TEXAS
12.50% 18.09%
OAKLAND, CA
14.53% 20.08%
