The Single-Family Rental (SFR) industry is growing fast, attracting families, millennials and baby boomers alike, who are drawn to the flexibility of renting. Our residents are America’s teachers, police officers and military families looking to rent homes in good neighborhoods with good schools.
According to the U.S. Census Bureau’s American Community Survey (ACS), the percentage of renters electing to live in a single-family home (both attached and detached) has consistently grown over the last several years, rising from roughly 31 percent in 2005 to approximately 35 percent in 2015.
While the SFR industry is not new, the professionalization of it now offers residents access to quality rental housing as rental demand grows. The Green Street Single-Family Rental Primer estimates 3.9 million new renter households between 2016 and 2020, which equals 1.5 million new units of single-family rental demand.
I turned to some of the smart, dynamic women in our ranks to get their take on our industry and the role we play within the housing landscape. They are enthused and passionate about their work and the future of the SFR industry.
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