Are companies buying up your neighborhood’s houses? Search our NC map to find out.
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Security For Sale: Converting NC homes to rentals
Institutional investors have bought at least 40,000 single-family homes across North Carolina in the past decade and now rent them out. The industry — primed for continued growth — says it improved the rental experience, providing safe, affordable houses that were previously inaccessible to renters. But owning a house traditionally offered financial security for most American families. And our investigation finds the business model of these companies is finely tuned to squeeze profit from the homes, often to the detriment of renters, neighbors or other would-be buyers.
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Security for Sale, a Charlotte Observer and News & Observer investigation, produced the best count yet of corporate buyers of homes across North Carolina. They own at least 40,000 homes and counting, largely concentrated near urban areas like Charlotte, the Triangle and the Triad.
Now you can see exactly what the growth of this home-rental industry looks like in your neighborhood. Search the interactive map below, based on the Observer and N&O analysis of state property data obtained in mid-April 2022.
Each entry lists both the subsidiary that owns the property, according to records from the N.C. OneMap database, and its parent company — one of about 20 major buyers our reporting identified across the state.
Want a deeper dive? Review our methodology and download the data powering our investigation.
Can’t see the the interactive map? Click here to reload the page.
This story was originally published May 4, 2022 at 4:40 PM.
