Things have changed for landlords, property owners and renters throughout Tennessee, thanks to the COVID Pandemic.
Today, however, the COVID-19 pandemic has disrupted this status quo, and 2020 saw a surging demand for single-family rentals.
In Rutherford County, 34.8% of all residential addresses are rental units, as opposed to owner occupied units. Nashville has an even higher number of rentals at 45.7%. Williamson County has the lowest number of rental units in Middle Tennessee, standing at 19.4%.
A recent analysis released by RoofStock found that in Tennessee, 33.5% of all households are renter households. Among renter households, a total of 40.8% are renting single-family homes. Out of all U.S. states, Tennessee has the 13th highest percentage of renter households in single-family homes.
Summary of the data for Tennessee:
◘ Percentage of renter households in single-family homes:8%
◘ Percentage of renter households in structures with 2 units:7%
◘ Percentage of renter households in structures with 3–4 units:1%
◘ Percentage of renter households in structures with 5+ units:2%
◘ Percentage of households that rent:5%
Rreference, statistics for the entire United States:
◘ Percentage of renter households in single-family homes:9%
◘ Percentage of renter households in structures with 2 units:2%
◘ Percentage of renter households in structures with 3–4 units:1%
◘ Percentage of renter households in structures with 5+ units:4%
◘ Percentage of households that rent:9%
For more information, a detailed methodology, and complete results, you can find the original report on Roofstock’s website: https://learn.roofstock.com/blog/cities-with-most-single-family-rentals