Top 5 Largest Single Family Rental Companies in 2024

Last Updated: April 2024

Single Family Rental (SFR)

The single-family rental (SFR) market in the United States has experienced significant growth in value, drawing the attention of many large companies. Several large and publicly traded companies such as Invitation Homes and American Homes 4 Rent have emerged as key players, helping to shape the landscape of corporately owned single family rental housing. Their impact extends beyond property management, affecting local economies, housing policies, and community development. 

5 Largest Single-Family Rental Companies in the United States

Below we delve into the profiles of these top companies, exploring their history, services, and the role they play in shaping the single family rental industry in the United States. These industry leaders are ranked based on factors such as number of properties, revenue, among other things.

1. Progress Residential

Progress Residential Key Statistics:

  • Founded: 2012
  • Ownership: Private Equity
  • Number of Homes: Over 85,0001
  • Geographic Reach: 30 Metropolitan areas across the U.S.
  • Number of Employees: 1,500+

Progress Residential is one of the largest providers of high-quality, single-family rental homes in the United States. With a portfolio exceeding 85,000 homes across 30 rapidly growing metropolitan areas, the company has modernized the traditional home leasing industry through innovative rental policies and technological integration. Their approach emphasizes customer priority, ensuring a hassle-free rental experience. Progress Residential also stands out for its pet-friendly policies and commitment to fair housing, offering homes that blend quality, safety, and comfort in desirable neighborhoods.

2. Invitation Homes

Invitation Homes Key Statistics:

  • Founded: 2012
  • Ownership: Public (NYSE:INVH)
  • Number of Homes: Over 80,0002
  • Geographic Reach: Western United States, Florida, and Southeast United States
  • Number of Employees: 1,200+

Invitation Homes Inc is the largest company in the U.S. single-family home rental market. The company is known for its large portfolio of high-quality, updated homes tailored to meet the evolving lifestyle needs of its residents. The company’s properties are strategically situated in desirable locations near employment centers, good schools, and essential transportation links, emphasizing convenience and community. With its headquarters in Dallas, Texas, Invitation Homes serves various markets predominantly in the Western United States, Florida, and the Southeast United States.

3. AMH (American Homes 4 Rent)

AMH Key Statistics:

  • Founded: 2012
  • Ownership: Public (NYSE:AMH)
  • Number of Homes: Over 60,0003
  • Geographic Reach: Southeast, Midwest, Southwest and Mountain West regions of the United States.
  • Number of Employees: 1,000+

AMH (American Homes 4 Rent) is a significant owner, operator, and developer of single-family rental homes, recognized for its extensive involvement in the residential real estate market. As an internally managed Maryland real estate investment trust (REIT), the company concentrates on acquiring, developing, renovating, leasing, and managing rental properties, with a mission to simplify the leasing experience and bring peace of mind to households nationwide. The company owns single-family properties spread across various regions in the United States, including the Southeast, Midwest, Southwest, and Mountain West.

4. The Amherst Group

The Amherst Group

Amherst Group Key Statistics:

  • Founded: 1993
  • Ownership: Private
  • Number of Homes: Over 57,0004
  • Geographic Reach: United States Sun Belt and Canada
  • Number of Employees: 1,700+

The Amherst Group is recognized as one of the largest single-family rental companies in the United States, with a robust portfolio that includes tens of thousands of properties across multiple states. The company leverages advanced data analytics and a proprietary technology platform to optimize property acquisition, management, and sales processes. This strategic approach enables Amherst to efficiently scale its operations and maintain high occupancy rates, contributing to its prominent position in the market.

5. FirstKey Homes

FirstKey Homes Key Statistics:

  • Founded: 2015
  • Ownership: Private Equity
  • Number of Homes: Over 50,0005
  • Geographic Reach: 28 Major Markets Across US Sun Belt States
  • Number of Employees: 1,000+

FirstKey Homes is a notable real estate company specializing in single-family rental homes. Founded in 2015 and headquartered in Marietta, Georgia, FirstKey Homes has established itself as a significant player in the real estate industry, focusing on providing rental homes that offer comfort and quality. With a mission to offer residents a place to call home, FirstKey Homes emphasizes easy access to rental properties, online self-touring, and a streamlined application process.

Rating Methodology

Companies are ranked based on number of single family rental homes. Any numerical figures are retrieved from publicly accessible materials, and believed to be accurate as of the last update of this page.

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Largest Single Family Rental (SFR) Company Stocks

The single-family rental market in the United States includes several publicly traded companies that have made significant impacts in this sector. These real estate stocks and the companies behind them are known for their extensive portfolios and have attracted investor interest, as reflected in their listings on stock exchanges.

Top Publicly Traded Single Family Rental (SFR) Companies:

Largest Single Family Rental Property Companies FAQ

Who are the Top 10 Single Family Rental (SFR) Companies in the United States?

The single-family rental market in the United States is a significant and evolving segment of the real estate industry, marked by a few key players who dominate this space. Among them, the top 10 companies are recognized for their extensive portfolios and strategic operations across various regions.

Top 10 Single Family Rental (SFR) Companies:

2024 RankingSingle Family HomesCompany
185,000Progress Residential
280,000Invitation Homes
360,000American Homes 4 Rent (AMH)
457,000The Amherst Group
550,000FirstKey Homes
637,000Tricon Residential
728,000Home Partners of America
824,000Vinebrook Homes
910,000Maymont Homes
104,000Bluerock Homes Trust
Companies are ranked based on portfolio size. Any numerical figures are retrieved from publicly accessible materials, and believed to be accurate as of the last update of this page.

How Do The Largest Single Family Rental (SFR) Companies Differentiate Themselves?

The largest single-family rental real estate companies in the United States distinguish themselves through various business strategies and operational focuses. Here’s an overview of how some of these companies differentiate themselves:

CompanyDifferentiation Strategy
Progress ResidentialSpecializes in providing homes with modern amenities and a focus on customer satisfaction and community building.
Invitation HomesFocuses on high-quality homes in desirable neighborhoods, with an emphasis on professional management and customer service.
American Homes 4 RentOffers a wide range of homes with an emphasis on technology integration and sustainable living options.
The Amherst GroupTargets growth in the Sun Belt region with a diverse portfolio including multi-family units, leveraging technology for efficient operations.
FirstKey HomesConcentrates on easy rental processes and resident support, offering homes in various suburban neighborhoods.

Several trends are shaping the growth of major single-family rental companies in the United States. First, there is an increasing demand for flexible housing options, driven by changing demographics and lifestyle preferences. Secondly, advancements in technology are improving single family rental property management efficiency and tenant experiences. Additionally, there is a growing preference for suburban living spaces, especially post-pandemic, as people seek more space and a better quality of life outside of dense urban centers. Finally, economic factors, including rising home prices and mortgage rates, are making home ownership less accessible for many, thus bolstering the rental market.

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