“People are staying in homes and renting more quickly,” Wonus said. “There are certain properties that have issues, but on the single-family side, delinquencies were not off from where they were before [the pandemic]."
That is part of a national trend. Single-family rentals averaged a 95.3% occupancy rate across the U.S. in third-quarter 2020, the most recent data from real estate financier Arbor Realty showed. That’s the highest rate for single-family rentals since 1994.