Fact Sheet What Does the Rise in Single-Family Rentals Mean for the Twin Cities?
Subtitle
Implications for equitable housing and ownership opportunities
Yonah Freemark, Eleanor Noble, Yipeng Su
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Over the past 15 years, the Twin Cities real-estate market has been transformed by the rise of single-family rental units—stand-alone homes that, rather than being owned by their residents, are rented out. Growth in such units isn’t unique to the Twin Cities, but the area’s rise in single-family rentals has coincided with declining homeownership among residents, a widening Black-white homeownership gap, and a growing number of corporate landlords. This fact sheet explores this recent housing trend and recommends strategies to encourage resident homeownership in its place.

Tags Housing and the economy Homeownership Community and economic development Opportunity and ownership
Policy Centers Metropolitan Housing and Communities Policy Center
States Minnesota
Cities Minneapolis-St. Paul-Bloomington, MN-WI