The report highlights that build-to-rent (BTR) communities are under construction in 613 areas, expected to increase BTR inventory by over 53%. With occupancy rates near 95%, these developments provide affordable housing amid high mortgage costs. An increasing percentage of BTR residents prefer renting, with significant savings compared to purchasing homes. Texas and Arizona lead in the number of new BTR units, with job markets driving relocations. States with currently low SFR inventory, like Nebraska, are expected to see substantial construction increases, indicating a trend toward affordable rental solutions in high-demand areas.
According to the report, these SFR rentals are under construction in 613 communities. The expansion will boost BTR inventory by over 53%, the report said.
Yardi Matrix analysts believe this expansion offers a key benefit to renters looking for affordable housing options.
On average, renting a BTR unit is cheaper than buying a starter home. Recent reports indicate that renting can save one around $1,000 per month compared to buying.
Looking to the future, the biggest inventory levels for SFR properties in BTR communities will lie in states that currently have low inventory.
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