Many build-to-rent investors are chasing growth markets

Metro area housing markets sized by recent single-family build-to-rent footprint

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X-axis: Year-over-year percent change in population from 2023 to 2024. Y-axis: Recent BTR home footprint (includes 5-year deliveries in 2020-2024 and units currently in the local construction pipeline) relative to the total count of renter-occupied housing units in that metro area

Source: LendingOne analysis of Yardi Systems and U.S. Census Bureau dataCreated with Datawrapper