New Report: Ownership Profile of Single-Family Residence Properties in Philadelphia: A Focus on Large Corporate Investors
Posted by Federal Reserve Bank of Philadelphia on February 11, 2025
A new study finds that Philadelphia neighborhoods with the highest share of large corporate owned housing are more likely to be distressed and lower-income.
Also among the study’s main findings:
- Large corporate investors own 8.8 percent of Philadelphia’s single-family rentals as of 2023. This is higher than the national average, but not as high as in “hot” real estate markets such as Atlanta, Charlotte, and Phoenix.
- Zip codes with more residences recently sold to corporate investors saw bigger rent hikes during the pandemic.
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