The first surge of interest in these properties came from renters with children—some of them former homeowners—who wanted to live in spacious properties in family-friendly neighborhoods with good schools. By 2017, families made up 1 in 3 renter households, and 84% of new families with kids entering the rental market moved into single-family properties. Single-family renters became the fastest-growing segment in the market, with demand for single-family properties rising throughout every age group over 25 in the years following the Great Recession.
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