As urban areas become more crowded and homeownership slips further out of reach, the build-to-rent (BTR) market is stepping in to fill the gap. Nationwide, more than 110,000 single-family rentals are under construction, set to increase the BTR inventory by 53.5% once completed. North Carolina stands out as a major player in this expansion, joining BTR powerhouses like Arizona and Texas.
North Carolina’s Build-to-Rent Surge
- With 12,400 new houses for rent, the state’s BTR inventory is set to boost by a staggering 152%, the 5th highest increase in build-to-rent projects of all states.
Charlotte & Raleigh Metros Lead the Way
- The Charlotte-Concord-Gastonia metro is at the center of the state’s BTR boom, with 5,300+ units underway—more than many U.S. states.
- The Raleigh metro follows closely with nearly 2,900 new rentals in development, set to triple its current BTR inventory.
- Smaller metros like Wilmington are seeing an impressive growth, with a projected 358% increase in rental supply.
Cities with Biggest Growth
- The city of Charlotte is in a BTR league of its own, with 2,300+ single-family homes for rent on the way, translating to a 144% growth in rental supply.
- Raleigh gears up for a 10x surge in houses for rent, adding close to 950 new units.
- 9 other cities are expected to at least double their BTR supply. In Durham, 629 rentals are under construction, projected to increase the city’s inventory by 229%. Similarly, Fayetteville’s 220 new homes will result in a 165% expansion in available single-family rentals.
Here’s the link to the full study: https://www.point2homes.com/
