Single Family Rental Houses On The Rise

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Engel & Völkers began in 1977 as a specialty boutique real estate agency providing high-end services to an exclusive clientele. Today, the company is a global leader in the sale and lease of premium residential and commercial property and yachts. To find out more about Engel and Volkers, go to: westhartford.evusa.com.

Single-family rental homes are on the rise in communities nationwide in the aftermath of the housing meltdown.

In 32 of the country’s top metropolitan regions, at least 20 percent of all occupied single-family homes were rentals in 2012.

According to a USA Today analysis of U.S. Census Bureau data, that is up from just seven metros in 2006.

Researchers say the growth reflects changes brought by the housing bust and the enduring financial hardships ushered in by the Great Recession. Nationwide last year, 18 percent of occupied single-family homes were rentals — an increase from almost 15 percent in 2006.

 

 

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