Moody’s Analytics: Growth and Opportunity in the Single-Family Rental Market

Moody’s Analytics partnered with Parcl Labs to analyze Single-Family Rental (SFR) performance within the broader Commercial Real Estate (CRE) sector, utilizing Parcl Labs' SFR gross yield data. 2023 data from Parcl Labs reveals significant geographical variations in SFR gross yields across major U.S. metros, ranging from 3.2% in San Jose, CA, to 11.7% in Rochester, NY. Notably, metros with the lowest yields often feature extensive operations by institutional SFR owners, with competitive dynamics and high demand influencing property prices and rent growth.

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