Tracks the progress and effectiveness of current programs.
Corporate Owned Rentals
Research and resources on corporate-owned single-family housing.
In recent years, large institutional investors have increased their purchases of single-family homes for the purposes of converting them into rental properties. Nationwide, the Charlotte-Mecklenburg region ranks near the top of “corporate” home purchases, with about 13,000 single-family homes owned by corporations. Most of these home purchases have been concentrated within six companies.
During the pandemic, the median single-family rental price increased more than 25% in the region, intensifying affordable housing concerns in Charlotte-Mecklenburg. Plus, institutional purchases of single-family homes are typically cash purchases, often limiting homeownership by local buyers who likely require a mortgage.
To assist homeowners and prospective homeowners in Mecklenburg County and help address affordable housing issues in the community, there are many resources available.
