US Residential Real Estate Market

Detailed research report on the US residential real estate market, covering market analysis, trends, forecast, size, and industry growth from 2025 to 2030.

The report covers Residential Real Estate Market in USA and is Segmented by Property Type (Apartments and Condominiums, Landed Houses and Villas). The report offers market size and forecasts for the residential real estate market in the United States in value (USD billion) for all the above segments.

US Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

US Residential Real Estate Market Size

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Residential Real Estate Market in the United States Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.04 %
Market Concentration Low

Major Players

Residential Real Estate Market in the United States Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Residential Real Estate Market in the United States with other markets in Real Estate and Construction Industry

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US Residential Real Estate Market Analysis

The Residential Real Estate Market in the United States Market is expected to register a CAGR of 2.04% during the forecast period.

The United States residential real estate market continues to experience significant price appreciation across multiple regions, driven by persistent supply-demand imbalances and changing demographic preferences. Housing starts in single-family homes reached 1.11 million units based on the seasonally adjusted annual rate (SAAR), while multifamily housing starts demonstrated robust growth at 467,000 units, marking a 55% increase compared to the previous year. This surge in residential construction activity reflects developers' responses to evolving market demands, particularly in high-growth metropolitan areas where urban housing shortages have become increasingly acute. The market has witnessed substantial price appreciation in states like Arizona, Utah, Idaho, Florida, and Tennessee, where residential property values have increased by more than 20%.


The rental market segment has shown remarkable resilience and growth, with significant variations in average monthly rents across different states. Hawaii leads with the highest average monthly apartment rent at USD 2,312, followed by California at USD 2,032 and the District of Columbia at USD 1,851, highlighting the substantial regional disparities in rental costs. The inventory dynamics have shown signs of improvement, with the listed inventory of new residential homes for sale reaching 348,000 units based on seasonal adjustments (SA), representing a growth rate exceeding 14% quarter-over-quarter. This increase in available housing stock has begun to provide some relief to the supply-constrained market, though inventory levels remain below historical averages.


Regional market variations have become increasingly pronounced, with coastal markets maintaining their premium positioning while inland markets offer relatively more affordable options. The San Jose-Sunnyvale-Santa Clara and San Francisco metropolitan areas continue to command premium prices exceeding USD 1,000,000 for single-family homes, reflecting the persistent influence of tech sector employment and limited housing supply in these regions. The market has also witnessed a notable shift in buyer preferences, with increased demand for properties in secondary and tertiary markets that offer better value propositions and quality of life considerations.


The market structure continues to evolve with the emergence of new development patterns and investment strategies. Existing home sales data reveals a distinct regional pattern, with the South accounting for 44% of all existing home sales, followed by the Midwest at 23%, the West at 20%, and the Northeast at 13%. This distribution reflects broader economic and demographic trends, including population migration patterns and regional economic growth dynamics. The market has also seen increased activity in the luxury segment, with high-end residential property transactions maintaining momentum despite broader market fluctuations.

Segment Analysis: By Property Type

Landed Houses and Villas Segment in US Residential Real Estate Market

The landed houses and villas segment continues to dominate the US residential real estate market, commanding approximately 88% of the total market share in 2024. This substantial market position is driven by strong demand from millennials entering their prime home-buying years, coupled with the increasing preference for spacious living environments. The segment has shown remarkable resilience despite market challenges, with property values maintaining steady growth across key metropolitan areas. The segment's strength is particularly evident in family-friendly neighborhoods and suburban areas, where demand for single-family residential homes remains robust. The market has also benefited from technological innovations in home construction and smart home integration, making these properties more attractive to modern homebuyers.

Market Analysis of Residential Real Estate Market in the United States: Chart for By Property Type

Apartments and Condominiums Segment in US Residential Real Estate Market

The apartments and condominiums segment is emerging as the fastest-growing sector in the US residential real estate market, projected to grow at approximately 4% during the forecast period 2024-2029. This growth is primarily driven by urbanization trends and the increasing preference for flexible living arrangements in metropolitan areas. The segment's expansion is supported by innovative development projects incorporating modern amenities, smart home technologies, and sustainable building practices. Multi-family housing developments are particularly gaining traction in major urban centers, with developers focusing on creating community-centric living spaces that cater to young professionals and downsizing empty nesters. The segment is also benefiting from the rising trend of mixed-use developments that combine residential property units with retail and office spaces, creating integrated living environments that appeal to modern lifestyle preferences.

US Residential Real Estate Industry Overview

Top Companies in the US Residential Real Estate Market

The residential real estate market in the United States is characterized by the strong presence of established players like Greystar Real Estate Partners, Brookfield Properties, Simon Property Group, Mill Creek Residential, and Alliance Residential. These companies have demonstrated significant market leadership through various strategic initiatives, including the digital transformation of residential property management and leasing processes, implementation of smart home technologies, and sustainable building practices. The industry has witnessed a notable shift towards customer-centric innovations, with companies investing heavily in property technology (PropTech) solutions to enhance resident experiences. Market leaders have actively pursued geographical expansion through strategic acquisitions and joint ventures, particularly in high-growth metropolitan areas. Companies are increasingly focusing on developing mixed-use properties and incorporating amenity-rich features to meet evolving consumer preferences, while simultaneously expanding their portfolios through both new construction and property acquisitions.

Fragmented Market with Strong Regional Players

The US residential real estate market exhibits a fragmented structure, with the top fifty corporations controlling approximately 30% to 40% of the market share. Large corporations benefit from substantial financial resources and economies of scale, while smaller players maintain competitiveness through specialized market expertise and localized knowledge. The market has witnessed increased consolidation through strategic mergers and acquisitions, particularly in high-growth metropolitan areas, as companies seek to expand their geographical presence and diversify their property portfolios. The industry has also seen the emergence of specialized players focusing on specific market segments such as luxury properties, affordable housing, or sustainable development.


The competitive landscape is characterized by a mix of traditional real estate developers, property management firms, and emerging PropTech companies that are reshaping industry dynamics. Market participants are increasingly forming strategic partnerships and joint ventures to leverage complementary strengths and share investment risks. The industry has witnessed a notable trend of international investors and real estate investment trusts (REITs) expanding their presence in the US market, particularly in prime urban locations and growing suburban markets. Companies are also adapting their business models to accommodate changing consumer preferences and technological advancements, leading to increased investment in digital platforms and innovative property management solutions.

Innovation and Adaptability Drive Market Success

Success in the residential real estate market increasingly depends on companies' ability to adapt to changing consumer preferences and technological advancements. Market leaders are investing in digital transformation initiatives, including virtual property tours, automated property management systems, and advanced customer relationship management platforms. Companies that can effectively integrate sustainable building practices, smart home technologies, and community-oriented amenities are better positioned to capture market share. The ability to identify and capitalize on emerging market trends, such as the growing demand for suburban properties with urban amenities and the increasing preference for flexible living spaces, has become crucial for maintaining a competitive advantage.


Future success in the market will require companies to balance operational efficiency with customer experience enhancement. Organizations must develop robust digital capabilities while maintaining personal touchpoints in customer service. The increasing focus on environmental sustainability and social responsibility necessitates the adoption of green building practices and community-oriented development approaches. Companies need to maintain financial flexibility to weather market cycles while investing in long-term growth initiatives. The ability to navigate regulatory requirements, particularly in areas such as affordable housing and environmental compliance, will become increasingly important for maintaining market position and expanding operations.

US Residential Real Estate Market Leaders

  1. Essex Property Trust

  2. Greystar Real Estate Partners

  3. Equity Residential

  4. Simon Property Group

  5. Brookfield Asset Management Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Residential Real Estate Market in the United States Concentration
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US Residential Real Estate Market News

  • May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt.
  • February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.

US Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.2 Market Restraints
    • 4.2.3 Market Opportunities
  • 4.3 Insights into Technological Innovation in the Residential Real Estate Sector
  • 4.4 Government Regulations and Initiatives
  • 4.5 Supply Chain/Value Chain Analysis
  • 4.6 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Property Type
    • 5.1.1 Apartments and Condominiums
    • 5.1.2 Landed Houses and Villas

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 Greystar Real Estate Partners
    • 6.2.2 Brookfield
    • 6.2.3 Simon Property Group
    • 6.2.4 Mill Creek Residential
    • 6.2.5 Alliance Residential
    • 6.2.6 Lincoln Property Company
    • 6.2.7 The Michaels Organization
    • 6.2.8 AvalonBay Communities
    • 6.2.9 Equity Residential
    • 6.2.10 Essex Property Trust
    • 6.2.11 RE/MAX
    • 6.2.12 Keller Williams Realty Inc.*
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. APPENDIX

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US Residential Real Estate Industry Segmentation

Residential real estate refers to properties that are exclusively designed for human occupation. Furthermore, the report provides key insights into the residential real estate market in the United States. It includes technological developments, trends, and initiatives taken by the government in this sector. It also focuses on market dynamics. Additionally, the competitive landscape of the residential real estate market in the United States is depicted through the profiles of key active players.

The Residential Real Estate Market in the United States is Segmented by Property Type (Apartments and Condominiums, Landed Houses and Villas). The report offers market size and forecasts for the residential real estate market in the United States in value (USD Trillion) for all the above segments.

By Property Type Apartments and Condominiums
Landed Houses and Villas
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US Residential Real Estate Market Research FAQs

What is the current United States Residential Real Estate Market size?

The United States Residential Real Estate Market is projected to register a CAGR of 2.04% during the forecast period (2025-2030)

Who are the key players in United States Residential Real Estate Market?

Essex Property Trust, Greystar Real Estate Partners, Equity Residential, Simon Property Group and Brookfield Asset Management Inc. are the major companies operating in the United States Residential Real Estate Market.

What years does this United States Residential Real Estate Market cover?

The report covers the United States Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Residential Real Estate Market in the United States Research

Mordor Intelligence offers a comprehensive analysis of the residential real estate sector. We combine expertise in residential property research with advanced market analytics. Our extensive coverage includes various segments such as affordable housing, luxury residential developments, and both urban housing and suburban housing markets. The report provides detailed insights into residential construction trends and new home construction activities. It also examines the evolving landscape of residential property management, all available in an easy-to-download report PDF format.

Our analysis benefits stakeholders across the residential real estate services spectrum, from residential brokerage firms to residential investment companies. The report examines key segments, including apartments, townhouses, and condominiums. It also analyzes residential leasing patterns and residential mortgage trends. Comprehensive coverage extends to residential development projects, residential renovation activities, and residential real estate financing opportunities. This offers valuable insights for both primary housing and secondary housing market participants. The detailed analysis supports strategic decision-making in residential rental markets and residential resale operations, providing actionable intelligence for industry professionals.