{"id":36463,"date":"2023-08-21T06:56:00","date_gmt":"2023-08-21T13:56:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=36463"},"modified":"2026-02-22T15:26:46","modified_gmt":"2026-02-22T23:26:46","slug":"single-family-rental-market","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/single-family-rental-market\/","title":{"rendered":"Single-Family Rental Market"},"content":{"rendered":"\n

Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family rentals (SFR) industry has entered a moderate growth mode that positions it \u201cto thrive over the long term,\u201d according to a new research bulletin<\/a> from Yardi Matrix.<\/p>\n\n\n

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Robust household family formation and elevated demand for family and home office space during the pandemic sparked a run-up of SFR rents, which increased by 27.9% from January 2020 to mid-year 2023. Occupancy rates have remained above 95% since January 2018.<\/p>\n\n\n\n

But rent increases slowed and year-over-year rent growth decelerated in the first half of 2023. The Federal Reserve has increased short-term interest rates by 525 points since spring 2022 and institutional SFR acquisitions have declined after two years of record volume. Despite this, \u201cdemand for single-family rentals is almost certain to remain firm,\u201d with the sector having \u201csolidified its presence as a niche segment of the overall commercial real estate market,\u201d the bulletin says.<\/p>\n\n\n\n

The extent of the sector\u2019s growth will depend on how well owners and investors succeed in financing acquisitions and developing efficient property management strategies.<\/p>\n\n\n\n

Nashville, Tenn., had the strongest year-over-year SFR rent growth at mid-year, followed by Baltimore and Chicago. The weakest metros for rent growth were Orlando, Fla., Miami and California\u2019s Inland Empire.<\/p>\n\n\n\n

There\u2019s much more insight into the SFR market in the August 2023 Yardi Matrix Bulletin, including an examination of fundamental drivers, a discussion of proposed legislation regarding institutional SFR purchases, a review of acquisition growth trends and reports on regional stock deliveries.  Download your copy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family rentals (SFR) industry has entered a moderate growth mode that positions it \u201cto thrive over the long term,\u201d according to a new research bulletin from Yardi Matrix. Robust household family formation and elevated demand for […]<\/p>\n","protected":false},"author":610,"featured_media":36467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791],"tags":[1169],"class_list":["post-36463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-yardi-matrix"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/single-family-rental-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Single-Family Rental Market\" \/>\n<meta property=\"og:description\" content=\"Although its pandemic-driven expansion has been tempered recently by rising mortgage rates and cooling home sales, the U.S. institutional single-family\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/single-family-rental-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T13:56:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2023\/08\/Matrix_Blog_Special_Report_SFR_Update_August_21001.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Nelson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joel Nelson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/single-family-rental-market\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/single-family-rental-market\/\",\"name\":\"Single-Family Rental Market - 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