Investor ownership is deeply embedded in Wilson County's housing market, with landlords controlling 873 single-family residential properties, which constitutes a significant 30.9% of the total 2,822 SFRs.
The market is characterized by individual, small-scale ownership, as 713 properties (81.7%) are held by individual investors, compared to just 164 (18.8%) owned by companies. This pattern is even more pronounced when looking at landlord entities, where 772 of 843 (91.6%) are individuals.
A defining feature of this market is the prevalence of cash ownership. A staggering 88.1% of the investor portfolio (769 properties) is owned outright without financing, signaling a low-leverage, high-equity investment environment.
The portfolio is heavily focused on rentals, with 842 properties designated as rented, representing 96.4% of all investor-owned homes. This underscores the primary strategy of landlords in the area is generating rental income.
The stark difference between the 772 individual landlords owning 713 properties and 71 company landlords owning 164 properties reveals different portfolio scales. On average, companies hold 2.3 properties each, while individuals hold just under one property on average, reinforcing the "mom-and-pop" nature of the market.