The share of single-family rentals is growing, and more builders are jumping in to build a home that can be rented out from the get-go.
But how are single-family rental homes different than your typical single-family home?
Single-family built-for-rent homes tend to be smaller than their for-sale counterparts. The median square footage of a single-family built-for-rent home was about 1,500 square feet in 2016, which is significantly smaller than the 2,419 median square feet for other new-home builds, according to the National Association of Home Builders. Eighty percent of single-family homes built for rent are under 2,000 square feet.