Investors hold a substantial 70.7% of the single-family residential market in Kearny County, with a total of 661 landlord-owned properties out of 935 available SFRs.
Ownership is overwhelmingly dominated by individual investors rather than companies. Individuals own 589 properties, accounting for 89.1% of the investor portfolio, while companies own the remaining 72 properties (10.9%).
The market is defined by a complete absence of financing among investors. All 661 landlord-owned properties are designated as cash holdings, suggesting that portfolios are fully paid off and not leveraged with debt.
In terms of entity count, the disparity between owner types is even more pronounced. There are 855 individual landlords compared to just 53 company landlords, a ratio of more than 16 to 1.
The entire investor portfolio of 661 properties is classified as non-owner-occupied and rented. This 100% rental rate highlights a market exclusively focused on real estate investing for rental income, with no secondary or vacation home usage indicated.