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.