Investor purchases of single-family homes contribute to rising rental listings in Spring

Locally, NAR data showed 38% of single-family properties purchased in Harris County in 2021 were bought by institutional buyers. Property data from the Harris County Appraisal District shows nearly 1,300 homes in the nine ZIP codes that make up the Spring and Klein area are owned by five institutional buyers and their subsidiaries: American Homes 4 Rent, Progress Residential, FirstKey Homes, Invitation Homes and Tricon Residential.