Build-to-rent homes gaining market dominance
By: Ahwatukee Foothills News
A new study says the Phoenix Metro area leads the nation in build-to-rent houses and more are on the way – including in Ahwatukee.
“There are currently 6,420 BTR houses in this metropolitan area, making it the most populous area in the U.S. for this type of housing,” said Adam Graham, an industry analyst at Fixr.com, a website that provides guides, comparisons, and term cheat sheets for remodeling, installation and repair projects.
The next two metropolitan areas in the top three nationally for build-to-rent houses – Columbus, Ohio, and Dallas, Texas – are relatively far behind Phoenix with 4,780 and 4,290 homes, Other metro areas with more than 3,000 BTR houses are Houston (3,600), Riverside, California (3,540), Las Vegas (3,260) and Kansas City Metro (3,170).
Build-to-rent has been a growing trend across the Valley in the last two years.