In These Metros, Renters Can Find Larger Single-Family Rental Homes
With homes becoming more expensive, would-be buyers continue to look for more comfortable, spacious rental accommodations they can stay at for a longer period of time. While most single-family build-to-rent (SFB2R) properties average just 1,355 square feet, developers in some areas of the country are building bigger, according to a recent report from online real estate marketplace Point2Homes. Cities in Connecticut, North Carolina, Florida, Georgia, and South Carolina lead the way, offering renters roomier options.
The metro that stands out is Bridgeport, CT. Although the average single-family rental in Bridgeport only has 2 bedrooms and 2.6 bathrooms, the space that house renters get to enjoy is the most extensive of all the metros included in the analysis.
At 2,056 square feet, house rentals in the Connecticut metro are in a league of their own, as North Carolina's Raleigh, which comes second, only has an average of 1,840 square feet. This, however, is only a minor inconvenience, as house renters who choose to rent in any of the communities from Raleigh, Apex or Morrisville wouldn't just be living in some of the most spacious homes for rent; they would be right in the center of the high-tech and life science action, as the Research Triangle is consistently ranked among the top most innovative and technologically and economically-forward regions in the nation. A bit more to the south, Fuquai-Varina also boasts dozens of spacious single-family home rentals, perfect for the Millennials who work in the area and would love the extra space to accommodate their changing needs. Read more