During the COVID-19 pandemic, there has been a significant increase in demand for single-family houses and suburban living. This demand has not only affected the housing sales market but also the rental market. In response to this demand, the supply of single-family homes for rent has also increased. Which areas are more responsive to this demand? Using Census data, we examined the distribution and trend changes of single-family rent houses in Los Angeles-Long Beach-Anaheim MSA, one of the most expensive areas for single-family rent.
The map below shows the number of rent-occupied single-family houses at the census tract level in Los Angeles-Long Beach-Anaheim MSA. We can see that rent-occupied single-family houses are clustered in areas such as South LA, Southeast LA, Long Beach, Pasadena, Temple City, and Monterey Park. Additionally, a significant number of rent-occupied single-family homes are on the outskirts such as Lake Forest.
The number of rent occupied single-family houses in Los Angeles-Long Beach-Anaheim MSA at the census tract level
Furthermore, we examined the changes in the number of rent-occupied single-family homes from 2016 to 2021. We observed an increasing trend in Long Beach, Pasadena, Temple City, Monterey Park, and Lake Forest, while the number in areas such as South LA and Southeast LA showed a slight decrease.
Change of the number of rent occupied single-family houses in Los Angeles-Long Beach-Anaheim MSA at the census tract level
It should be noted that Los Angeles-Long Beach-Anaheim MSA may not fully represent the changes in the US single-family rental market, and our analysis is based on limited data until 2021. We will continue to analyze the single-family rental market in various MSAs using additional data.
To stay up to date with our most recent articles and receive exclusive case studies, please subscribe to our newsletter!