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Single-family homes converting to rentals faster than apartments in Denver and Aurora

Echo Summit - Saturday, August 4, 2018

Echo Summit has had long lasting success in the Aurora rental market.  Denver Post had a great recent article:  Single-family homes converting to rentals faster than apartments in Denver and Aurora 

Denver and Aurora have relied heavily on apartment construction to house their growing populations, but they have also seen a surge in single-family homes converted to rentals since 2007, according to a new study.

RentCafe, an apartment search engine, counted 27,300 new apartments and 11,000 new single-family home rentals in Denver between 2007 and 2016. That works out to a 37 percent increase in single-family homes for rent, primarily from conversions, and a 35 percent gain in apartments, primarily from new construction.

In Aurora, the number of apartments rose by 7,700, or 25 percent, while the number of single-family home rentals shot up by 4,500, or 38 percent.

MOre information:

https://www.denverpost.com/2018/04/12/single-family-home-rentals-denver/?clearUserState=true




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