How Many Homes Do Big Corporate Investors Actually Own?

Single-family rentals owned by institutional investors

Institutional investors (often defined as those with large portfolios comprising 1,000+ homes) own approximately 2% to 3% of the single-family rental housing stock nationwide. National Low Income Housing Coalition

Investor-owned homes vs institutional share

• • Investors in general (including individuals and small landlords) own about 20% of all U.S. single-family homes. National Mortgage Professional

  • Out of investor-owned homes, those with large institutional investors constitute only a small fraction — around 2% to 3% of investor-owned single-family homes come from large institutions. National Mortgage Professional

Variations by metro area

There are places where institutional ownership is much higher. For example, in certain cities in the Southeast U.S.:

• Atlanta, GA: institutional investors own ~25% of the single-family rental market.
• Jacksonville, FL: ~21%
• Charlotte, NC: ~16-18% 
• Tampa, FL: ~15%

National Low Income Housing Coalition

Putting it all together:

• Nationally, institutional investors own about 2% to 3% of single-family rental housing stock.

• If you consider all homes (including owner-occupied), their fraction is much lower (well under 1% in many cases) when restricted to only large portfolio owners.

• In certain high-concentration markets, institutional investors can own double digits—sometimes 15-25% of the rental stock.