New Trends in Single-Family Home Rentals Go Upscale

Today’s renters want more square footage, outdoor space, and parking.

A 'For Rent' sign stands outside a single-family home on the market in Denver, Colo., on Feb. 10, 2024. AP Photo/David Zalubowski, File

As renters seek more comfort and increased space, demand for build-to-rent single-family homes is rising in the United States.

According to a recent report by single-family rental database Point2, over the past 10 years, the demand for build-to-rent homes has skyrocketed from just a little more than 4,000 in 2014 to almost 27,500 at the end of 2023.