Investor Impact on Single-Family Housing in the KC Region

Single-family homes account for nearly 75% of the built environment in the Kansas City region. What we often assume to be a market of individual buyers and sellers has seen significant changes over the last decade. Well-financed equity investors began purchasing single-family houses in bulk and converting them to rentals. Short-term rentals, like Airbnb and VRBO, popped up with increasing frequency. These market transitions have repercussions for homebuyers, tenants and communities across the region. This report provides the first regional data on single-family rentals and provides cities and communities with new information on the investors who own these properties and the geography of their holdings.