In Fayette County, investors hold 3,617 single-family residential properties, which constitutes 8.9% of the total 40,831 SFRs in the market.
The ownership structure is dominated by individual investors, who own 2,440 properties (67.5% of the portfolio), compared to 1,244 properties (34.4%) owned by companies. This reflects a market characterized by smaller-scale real estate investing.
When analyzing the entities themselves, the disparity is even greater. There are 2,932 individual landlords compared to just 604 company landlords, a ratio of nearly five individuals for every one company.
The portfolio is overwhelmingly geared towards rentals, with 3,383 properties (93.5%) identified as rented, confirming the primary business model for these owners.
Cash is the preferred method of holding property, with 2,312 homes (63.9%) owned outright, versus 1,305 (36.1%) that are financed. This suggests a well-capitalized investor base or a strategy of paying down debt quickly.