There are two different ways to look at which parts of the country have the most single-family rentals. The first is to examine which states have the greatest number of single-family rental properties within their borders. From this perspective, states like California, Texas, and Florida are at the top of the list due to the sheer size of their housing markets. California has more than 2 million single-family rental properties; Texas has nearly 1.3 million; and Florida has just under 1 million.
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In addition, Ohio, Pennsylvania, Georgia, and North Carolina all have more than half a million single-family properties.
Alternatively, we can look at the states that have the greatest share of single-family rentals in relation to multifamily rentals. In the majority of the U.S. states, single-family homes make up between a third and half of available rental properties; but in states where much of the population lives in rural areas, they comprise closer to three-quarters of the rental market.
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The states with the greatest share of single-family rentals include Oklahoma, Kansas, Arkansas, Idaho, and West Virginia.
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