About 86% of all rental properties contain only one rental unit and 97% of all rental properties have only one building (see Figure 1 below). Additionally, about 36% of all rental units are in properties with one rental unit, while about 30% of rental units are in properties with 150 or more rental units (see Figure 2 below). Here’s another statistic: about 72% of rental properties, representing 41% of all rental units, are owned by individual investors, and 16% of rental properties, with 37% of rental units, are owned by limited liability corporations or partnerships (see Figure 3 below). And about 22% of small rental properties (1-4 units) are managed professionally, while 94% of properties with 150 or more units are managed professionally (see Figure 4 below).
“Since 2012, the Rental Housing Finance Survey has been America’s premier source of data on rental housing finance and financial health… The new 2018 Rental Housing Finance Survey data will help the administration better understand the potential impacts of COVID-19 on the financial health of America’s rental property owners.” – Seth Appleton, HUD’s Assistant Secretary for Policy Development and Research
Rental Property Configuration
Ownership and Management
Other highlights from the RHFS in HUD’s release included statistics on Rental Income and Expenses, Property Purchase Value & Financing, and Capital Expenses & Improvements.
If you want to look at these numbers closer, the Census Bureau has made it easy to search any and all of the numbers/findings from the survey using the RHFS Table Creator tool on census.gov.
The U.S. Department of Housing and Urban Development (HUD) released Notice H 2020-11 detailing the continued availability of funds for COVID-19 Supplemental Payments for PBRA properties under Section 8, 202, or Section 811 Programs.