
Editor's Note: This story originally appeared on Point2Homes.
Build-to-rent homes may be the newest, most exciting trend in real estate at the moment, but this development was not an overnight success.
After years of hovering around the same number of completions, the COVID-19 pandemic brought about the switch to work from home and hybrid work, forcing renters everywhere to reconsider their need for space.
Add to that the steep rise in home prices, and it’s no wonder renters, and especially young renters, choose to extend their lease rather than start saving for a down payment.
In 2016, the number of completed single-family rentals doubled compared to the previous year. And since 2020, the number of completed build-to-rent homes has been steadily and significantly growing every year.
This accelerated growth comes as a response to increasing demand. A recent analysis revealed that, aside from the record number of completions from 2023, an impressive 41% of the total number of build-to-rent homes were completed in the last five years.
Here are the top metros for new build-to-rent homes in the last five years.
1. Phoenix, AZ

- 5-Year Deliveries: 9,345
2. Dallas, TX

- 5-Year Deliveries: 6,512
3. Atlanta, GA

- 5-Year Deliveries: 3,536
4. Houston, TX

- 5-Year Deliveries: 2,402
5. Detroit, MI

- 5-Year Deliveries: 2,114
6. Charlotte, NC

- 5-Year Deliveries: 2,062
7. Austin, TX

- 5-Year Deliveries: 1,720
8. Columbus, OH

- 5-Year Deliveries: 1,471
9. San Antonio, TX

- 5-Year Deliveries: 1,299
10. Jacksonville, FL

- 5-Year Deliveries: 1,278
11. Greenville, SC

- 5-Year Deliveries: 1,201
12. Denver, CO

- 5-Year Deliveries: 1,112
13. Tampa, FL

- 5-Year Deliveries: 1,100
14. Kansas City, MO

- 5-Year Deliveries: 1,077
15. Riverside, CA

- 5-Year Deliveries: 1,011


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