{"id":83715,"date":"2026-01-29T05:30:04","date_gmt":"2026-01-29T13:30:04","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=83715"},"modified":"2026-01-28T14:48:20","modified_gmt":"2026-01-28T22:48:20","slug":"rental-housing-multifamily-vs-single-family","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/rental-housing-multifamily-vs-single-family\/","title":{"rendered":"The Single-Family Rental Is On the Decline"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>A record 33% of U.S. rentals are in large multifamily buildings, while 31% are single-family homes\u2014a record low.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>As recently as 2021, single-family homes made up the largest share of America&#8217;s rental stock.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Just 14% of single-family homes are occupied by renters, the lowest share in records dating back to 2011.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>One reason multifamily rentals are on the rise: America has built a lot of them, lowering costs for renters.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most common type of rental housing in America is large multifamily buildings, but only in recent years did this become the case.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Roughly one of every three (33.1%) renter-occupied housing units in America is located in a large multifamily building\u2014the highest share in records dating back to 2011. By comparison, 31% of rentals are single-family homes\u2014the lowest share on record. Units in <\/span><i><span style=\"font-weight: 400;\">small<\/span><\/i><span style=\"font-weight: 400;\"> multifamily buildings make up 27.3% of the nation\u2019s rental stock, and townhomes make up 8.5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Large multifamily buildings surpassed single-family homes as the most common type of rental housing in 2022, when multifamily construction was on the rise during the pandemic moving frenzy.<\/span><\/p>\n<div id=\"datawrapper-vis-zw9PB\" style=\"min-height: 451px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/zw9PB\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-zw9PB\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/zw9PB\/full.png\" alt=\"Big Multifamily Buildings Make Up Lion's Share of Rental Market (Line chart)\" \/><\/noscript><\/div>\n<p><span style=\"font-weight: 400;\"><br \/>\nThis report is based on a Redfin analysis of U.S. Census Bureau <\/span><a href=\"https:\/\/www.census.gov\/programs-surveys\/acs.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> through 2024\u2014the most recent year for which data are available. A large multifamily building is defined as a building with 20+ units, and a small multifamily building is one with 5-19 units. Single-family homes are defined as one-unit detached structures and townhouses are defined as one-unit attached structures. This analysis covers total rental stock, i.e., rentals that were both on and off the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Construction of both multifamily housing and single-family homes has generally been on the rise since the aftermath of the Great Recession, but multifamily construction has grown at a <\/span><a href=\"https:\/\/fred.stlouisfed.org\/graph\/?g=1QdPn\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">faster<\/span><\/a><span style=\"font-weight: 400;\"> clip\u2014especially during the pandemic. Rental demand jumped during the pandemic moving frenzy, and ultra-low interest rates made it easier for builders to construct more rentals to accommodate that demand. Rental housing is often an attractive option for investors because it can offer higher cash flows, diversified revenue streams, potential for scale, and tax benefits. Some cities have made it <\/span><a href=\"https:\/\/www.yahoo.com\/news\/articles\/zoning-regulatory-changes-aim-spur-092819664.html?utm_source=chatgpt.com&amp;guccounter=1&amp;guce_referrer=aHR0cHM6Ly9jaGF0Z3B0LmNvbS8&amp;guce_referrer_sig=AQAAABUaw8q3Dg2F7WeFq4iTHxVzoyZafPVfYy0On9277t5q-kxqBTpQB1S_hLlzGP_vo8lzrUwzN0S6ZeSKuPhdjrblZRjaIusFa2LyqbAylY_hDAik7dSRN0D5GV3j7BtzGCuOCnvZ5khyzMfoxm0UYdRWwKvB_89x02sjj_CTBj5b\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">easier<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><a href=\"https:\/\/www.wsj.com\/real-estate\/new-york-housing-enviornmental-laws-60288922?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">build<\/span><\/a><span style=\"font-weight: 400;\"> multifamily housing in recent years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBig apartment buildings make up a growing piece of the rental-market pie because America has been building a lot of them, which has made them more <\/span><a href=\"https:\/\/www.redfin.com\/news\/rental-tracker-may-2025\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">affordable<\/span><\/a><span style=\"font-weight: 400;\"> for renters,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/asad-khan\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Asad Khan<\/span><\/a><span style=\"font-weight: 400;\">. \u201cIncreased supply gives renters more options and more room to negotiate prices. While multifamily construction has slowed recently, there are still more apartments for rent than people who want to rent them, which has kept rent growth at bay.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Construction of large multifamily buildings hit a record in 2024. Meanwhile, single-family-home construction remains below levels seen during the early 2000s housing bubble, and most of the single-family homes that<\/span><i><span style=\"font-weight: 400;\"> are <\/span><\/i><span style=\"font-weight: 400;\">built go to homebuyers, not renters.\u00a0<\/span><\/p>\n<div id=\"datawrapper-vis-ruHdz\" style=\"min-height: 337px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/ruHdz\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-ruHdz\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/ruHdz\/full.png\" alt=\"Multifamily Construction Soared Over Past Decade (Small multiple line chart)\" \/><\/noscript><\/div>\n<p><span style=\"font-weight: 400;\"><br \/>\n\u201cRecord-low mortgage rates during the pandemic drove Americans to buy up a large chunk of the single-family homes on the market, meaning the pool available for renters shrunk,\u201d Khan said. \u201cThe people who own these homes are now hesitant to move because housing costs have soared, and they\u2019re typically locked into low mortgage rates. That makes the single-family-home market locked up for both renters and buyers, and keeps prices high.\u201d<\/span><\/p>\n<h3><b>Roughly 1 in 7 Single-Family Homes Are Rentals\u2014a Record-Low Share<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nJust 13.7% of single-family homes are occupied by renters, the lowest share in records dating back to 2011.\u00a0<\/span><\/p>\n<div id=\"datawrapper-vis-4v215\" style=\"min-height: 462px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/4v215\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-4v215\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/4v215\/full.png\" alt=\"Just 13.7% of Single-Family Housing Is Occupied By Renters (Column Chart)\" \/><\/noscript><\/div>\n<p><span style=\"font-weight: 400;\"><br \/>\nIn total, there are 11.3 million single-family-home rentals in the U.S.\u2014the third lowest level on record. By comparison, there are 12.1 million rental units in large multifamily buildings\u2014the highest level on record. There are 10 million rental units in small multifamily buildings, and 3.1 million townhome rentals.<\/span><\/p>\n<div id=\"datawrapper-vis-fLJZF\" style=\"min-height: 426px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/fLJZF\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-fLJZF\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/fLJZF\/full.png\" alt=\"There Are 12 Million Rental Units in Big Multifamily Buildings (Line chart)\" \/><\/noscript><\/div>\n<h3><b><br \/>\nNew York Has the Highest Share of Large Multifamily Rentals<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nIn New York, 69.1% of rentals are in large multifamily buildings\u2014the highest share among the 50 most populous U.S. metropolitan areas and more than double the national share. It\u2019s followed by Minneapolis (61.5%), Seattle (52.5%), Miami (51.3%) and Boston (49.9%).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other end of the spectrum is Virginia Beach, VA, where just 22.6% of rentals are in large multifamily buildings\u2014the lowest share among the top 50 metros. Next come Cincinnati (23.9%), Detroit (24.4%), Riverside, CA (24.6%) and Warren, MI (24.7%).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In general, the places with the highest shares of multifamily rental stock are more dense and more expensive, which explains why there are so many multifamily rentals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In New York, just 4.3% of rentals are single-family homes\u2014the lowest share among the top 50 metros. Next come Philadelphia (6.5%), Washington, D.C. (9.4%), Boston (10.4%) and Baltimore (11.1%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The metros with the highest share of single-family-home rentals are Riverside (49.5%), Nassau County, NY (45.7%), Detroit (45.1%), Sacramento, CA (41%) and Las Vegas (38.9%).<\/span><\/p>\n<h3><b>The Sun Belt Has Seen a Boom in Multifamily Rentals Over the Past Decade<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nIn Dallas, 46.3% of rentals are in large multifamily buildings, up from 29.2% in 2014. That 17-percentage-point increase is the largest increase among the top 50 metros. Next come Phoenix (15.9 ppts), Seattle (14.6 ppts), Atlanta (13.7 ppts) and Jacksonville, FL (13.7 ppts).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zero metros saw a decline. The smallest increases were in New York (0.9 ppts), Nassau County (1.5 ppts), Detroit (2.2 ppts), West Palm Beach, FL (2.9 ppts), and San Francisco (3.5 ppts).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to single-family rental share, only two metros have seen an increase over the past decade. In Philadelphia, 6.5% of rentals are single-family homes, up 0.2 percentage points from 6.3% in 2014. Anaheim was the other metro that saw an increase (0.01 ppt).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The metros that saw the largest decreases in single-family rental share over the past decade are Phoenix (-11.7 ppts), Charlotte, NC (-9.3 ppts), Tampa, FL (-8.9 ppts), Orlando, FL (-8.7 ppts) and Seattle (-8.7 ppts).<\/span><\/p>\n<h3><b>Metro-Level Summary: Share of Rental Stock by Property Type (2024)<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\"><br \/>\nThe table below includes the 50 most populous U.S. metro areas.<\/span><\/i><\/p>\n\n<table id=\"tablepress-512\" class=\"tablepress tablepress-id-512\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>Metro area<\/strong><\/th><th class=\"column-2\"><strong>Single-family rentals, as % of all rentals<\/strong><\/th><th class=\"column-3\"><strong>Large multifamily rentals, as % of all rentals<\/strong><\/th><th class=\"column-4\"><strong>Small multifamily rentals, as % of all rentals<\/strong><\/th><th class=\"column-5\"><strong>Townhome rentals, as % of all rentals<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">25.0%<\/td><td class=\"column-3\">39.3%<\/td><td class=\"column-4\">24.7%<\/td><td class=\"column-5\">11.0%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">28.2%<\/td><td class=\"column-3\">36.8%<\/td><td class=\"column-4\">29.0%<\/td><td class=\"column-5\">6.0%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">22.3%<\/td><td class=\"column-3\">44.5%<\/td><td class=\"column-4\">28.1%<\/td><td class=\"column-5\">5.1%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">11.1%<\/td><td class=\"column-3\">25.6%<\/td><td class=\"column-4\">33.9%<\/td><td class=\"column-5\">29.4%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">10.4%<\/td><td class=\"column-3\">49.9%<\/td><td class=\"column-4\">30.5%<\/td><td class=\"column-5\">9.3%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Charlotte, NC<\/td><td class=\"column-2\">33.7%<\/td><td class=\"column-3\">29.2%<\/td><td class=\"column-4\">30.1%<\/td><td class=\"column-5\">7.0%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">14.8%<\/td><td class=\"column-3\">45.0%<\/td><td class=\"column-4\">34.8%<\/td><td class=\"column-5\">5.4%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">29.7%<\/td><td class=\"column-3\">23.9%<\/td><td class=\"column-4\">39.6%<\/td><td class=\"column-5\">6.9%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">27.1%<\/td><td class=\"column-3\">35.9%<\/td><td class=\"column-4\">26.0%<\/td><td class=\"column-5\">11.1%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">25.6%<\/td><td class=\"column-3\">26.0%<\/td><td class=\"column-4\">37.4%<\/td><td class=\"column-5\">11.1%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">22.8%<\/td><td class=\"column-3\">46.3%<\/td><td class=\"column-4\">26.9%<\/td><td class=\"column-5\">4.1%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">19.4%<\/td><td class=\"column-3\">44.6%<\/td><td class=\"column-4\">28.4%<\/td><td class=\"column-5\">7.6%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">45.1%<\/td><td class=\"column-3\">24.4%<\/td><td class=\"column-4\">21.1%<\/td><td class=\"column-5\">9.4%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">17.5%<\/td><td class=\"column-3\">43.1%<\/td><td class=\"column-4\">29.5%<\/td><td class=\"column-5\">9.9%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">31.7%<\/td><td class=\"column-3\">29.8%<\/td><td class=\"column-4\">33.3%<\/td><td class=\"column-5\">5.1%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\">27.5%<\/td><td class=\"column-3\">42.8%<\/td><td class=\"column-4\">26.6%<\/td><td class=\"column-5\">3.1%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\">33.2%<\/td><td class=\"column-3\">25.2%<\/td><td class=\"column-4\">34.5%<\/td><td class=\"column-5\">7.0%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">34.7%<\/td><td class=\"column-3\">30.9%<\/td><td class=\"column-4\">28.0%<\/td><td class=\"column-5\">6.4%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Kansas City, MO<\/td><td class=\"column-2\">29.2%<\/td><td class=\"column-3\">26.3%<\/td><td class=\"column-4\">30.7%<\/td><td class=\"column-5\">13.8%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">38.9%<\/td><td class=\"column-3\">27.3%<\/td><td class=\"column-4\">27.6%<\/td><td class=\"column-5\">6.3%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">23.4%<\/td><td class=\"column-3\">39.3%<\/td><td class=\"column-4\">29.9%<\/td><td class=\"column-5\">7.3%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">16.6%<\/td><td class=\"column-3\">51.3%<\/td><td class=\"column-4\">20.3%<\/td><td class=\"column-5\">11.9%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">18.9%<\/td><td class=\"column-3\">44.1%<\/td><td class=\"column-4\">30.0%<\/td><td class=\"column-5\">7.0%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">12.9%<\/td><td class=\"column-3\">61.5%<\/td><td class=\"column-4\">17.3%<\/td><td class=\"column-5\">8.3%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">14.6%<\/td><td class=\"column-3\">37.0%<\/td><td class=\"column-4\">30.2%<\/td><td class=\"column-5\">18.1%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\">27.6%<\/td><td class=\"column-3\">34.1%<\/td><td class=\"column-4\">30.0%<\/td><td class=\"column-5\">8.4%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">45.7%<\/td><td class=\"column-3\">27.8%<\/td><td class=\"column-4\">20.0%<\/td><td class=\"column-5\">6.5%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">National<\/td><td class=\"column-2\">31.0%<\/td><td class=\"column-3\">33.1%<\/td><td class=\"column-4\">27.3%<\/td><td class=\"column-5\">8.5%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">20.0%<\/td><td class=\"column-3\">36.1%<\/td><td class=\"column-4\">32.5%<\/td><td class=\"column-5\">11.4%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\">4.3%<\/td><td class=\"column-3\">69.1%<\/td><td class=\"column-4\">23.0%<\/td><td class=\"column-5\">3.7%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\">15.0%<\/td><td class=\"column-3\">49.3%<\/td><td class=\"column-4\">28.7%<\/td><td class=\"column-5\">7.0%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">28.8%<\/td><td class=\"column-3\">38.4%<\/td><td class=\"column-4\">22.8%<\/td><td class=\"column-5\">10.0%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">28.3%<\/td><td class=\"column-3\">31.1%<\/td><td class=\"column-4\">33.1%<\/td><td class=\"column-5\">7.5%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">6.5%<\/td><td class=\"column-3\">36.0%<\/td><td class=\"column-4\">16.5%<\/td><td class=\"column-5\">41.0%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">36.1%<\/td><td class=\"column-3\">35.0%<\/td><td class=\"column-4\">23.6%<\/td><td class=\"column-5\">5.3%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">31.6%<\/td><td class=\"column-3\">29.8%<\/td><td class=\"column-4\">24.0%<\/td><td class=\"column-5\">14.6%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">23.5%<\/td><td class=\"column-3\">39.6%<\/td><td class=\"column-4\">28.5%<\/td><td class=\"column-5\">8.3%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">18.2%<\/td><td class=\"column-3\">38.4%<\/td><td class=\"column-4\">36.7%<\/td><td class=\"column-5\">6.6%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">49.5%<\/td><td class=\"column-3\">24.6%<\/td><td class=\"column-4\">18.7%<\/td><td class=\"column-5\">7.2%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">41.0%<\/td><td class=\"column-3\">26.8%<\/td><td class=\"column-4\">22.9%<\/td><td class=\"column-5\">9.3%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">33.0%<\/td><td class=\"column-3\">30.3%<\/td><td class=\"column-4\">32.4%<\/td><td class=\"column-5\">4.3%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">24.4%<\/td><td class=\"column-3\">35.8%<\/td><td class=\"column-4\">28.1%<\/td><td class=\"column-5\">11.7%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">15.6%<\/td><td class=\"column-3\">44.5%<\/td><td class=\"column-4\">31.4%<\/td><td class=\"column-5\">8.6%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">24.0%<\/td><td class=\"column-3\">43.7%<\/td><td class=\"column-4\">20.4%<\/td><td class=\"column-5\">11.9%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">17.8%<\/td><td class=\"column-3\">52.5%<\/td><td class=\"column-4\">24.7%<\/td><td class=\"column-5\">5.0%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">St. Louis, MO<\/td><td class=\"column-2\">37.3%<\/td><td class=\"column-3\">26.1%<\/td><td class=\"column-4\">27.9%<\/td><td class=\"column-5\">8.8%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">30.3%<\/td><td class=\"column-3\">32.5%<\/td><td class=\"column-4\">30.7%<\/td><td class=\"column-5\">6.5%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\">26.5%<\/td><td class=\"column-3\">22.6%<\/td><td class=\"column-4\">34.2%<\/td><td class=\"column-5\">16.7%<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">27.9%<\/td><td class=\"column-3\">24.7%<\/td><td class=\"column-4\">38.6%<\/td><td class=\"column-5\">8.8%<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">Washington, DC<\/td><td class=\"column-2\">9.4%<\/td><td class=\"column-3\">47.3%<\/td><td class=\"column-4\">29.9%<\/td><td class=\"column-5\">13.4%<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">21.7%<\/td><td class=\"column-3\">33.1%<\/td><td class=\"column-4\">32.0%<\/td><td class=\"column-5\">13.2%<\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><strong>National\u2014U.S.A.<\/strong><\/td><td class=\"column-2\"><strong>31.0%<\/strong><\/td><td class=\"column-3\"><strong>33.1%<\/strong><\/td><td class=\"column-4\"><strong>27.3%<\/strong><\/td><td class=\"column-5\"><strong>8.5%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-512 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>A record 33% of U.S. rentals are in large multifamily buildings, while 31% are single-family homes\u2014a record low. As recently as 2021, single-family homes made up the largest share of America&#8217;s rental stock. Just 14% of single-family homes are occupied by renters, the lowest share in records dating back to 2011. One reason multifamily rentals [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":83729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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