Phoenix Ranked #2 in 2022 BTR Development
It’s no longer much of a secret. Higher interest rates and surging home prices are forcing many potential homebuyers to look for the next best thing, a single-family home built to rent (BTR). This has been another record year and Phoenix is leading the way, almost, ranking No. 2 in the U.S. as build-to-rent homes reached a new high with a threefold increase in future units. A recent RENTCafe survey found that in 2022:
No. 1 Dallas leads the way with a total of 2,773 new houses in BTR communities — a 10-year high.
No. 2 Phoenix is next with 1,527 build-to-rent homes in professionally managed communities. Overall:
- The construction of new build-to-rent homes hit a record in 2022, with more than 14,500 houses completed.
- There are 44,700 build-to-rent houses under construction — triple the number of new homes completed in 2022.
Since the trend began, Phoenix has the most completed units, 8,200, of which more than 6,000 opened their doors in the last five years.
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
511 Candelaria Rd NW, Albuquerque, NM 87107
Albuquerque, NMPhoenix & Southwest + Apartments
Learn MoreListing Status: Available Price: $1,239,653 No. of Units: 14 Cap Rate: 6.28 GRM/GIM: 9.83 Year Built: 1974 Building Size: 9700 Sq ft Lot Size: .2824 Acres No. of Stories: 2 APN: 101406029915831032 Zoning Code: MX-L Opportunity Zone: No Price per unit: $88,546 
The Cara
Phoenix, AZPhoenix & Southwest + Apartments + Garden Style
Learn MoreListing Status: Available Listing Type: Highest & best offer No. of Units: 68 Year Built: 1974 Building Size: 54110 Sq ft Lot Size: 4.48 Acres No. of Stories: 1 Opportunity Zone: No
- ◦Economy
